Vale sells 10 large iron ore carriers in $600-million deal

Sep 04, 2012 | 11:01 AM | Juan Weik

Tags  Vale, iron ore, Brazil, shipments, ore carriers, Polaris Shipping & Trading, Juan Weik

SÃO PAULO, Brazil — Vale SA has signed an agreement to sell 10 of its large ore carriers to Polaris Shipping & Trading Co. Ltd. for $600 million as part of its strategy to optimize its asset portfolio, improve capital allocation and strengthen its balance....

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