Yantai Port cooperates with Vale to promote iron ore

Northern Chinese port of Yantai inked the strategic co-operation framework agreement with the world’s largest iron ore producer Vale to promote iron ore product sales and explore new opportunities.

Vale strengthens cooperation with Ningbo Zhoushan Port Group

Brazil’s Vale and China’s Ningbo Zhoushan Port Group have signed a memorandum of understanding (MOU) to further deepen their cooperation.

Capesize Market Weighed Down by Vale Dam Disaster

The Vale disaster weighed heavily on the market for big ships, with uncertainty about shipments/future exports leading to a sharp drop in rates.

Brazil’s Vale sees iron ore price above $80/tonne in 2017

Brazilian miner Vale SA expects the global price of iron ore to average above $80 per tonne in 2017, on the back of increasing steel demand and a smaller rise in new production entering the market, the company’s executive director of ferrous minerals said

Brazil’s Vale produced record 349 mln tonnes of iron ore in 2016

Brazilian miner Vale SA said on Thursday it produced a record 349 million tonnes of iron ore in 2016, above its own guidance, helped by the successful ramping up of its new S11D mine in the Amazon.

GMS: Vale’s VLOC Demolition Sale Fails

Brazilian mining giant Vale’s recent sale of a very large ore carrier (VLOC) for demolition has reportedly failed, according to a report from GMS, a cash buyer of ships for recycling.

MacGregor Wins Pusnes Contract for New VLOCs

MacGregor, part of Cargotec, a Finnish provider of cargo-handling machinery for ships, has won Pusnes deck machinery orders for a new series of 400,000 dwt very large ore carriers (VLOCs) under construction at Chinese shipyard, Qingdao Beihai Shipbuilding