Wednesday, 07 Sep 2011
Dow Jones reported that Brazilian iron ore miner Vale SA is open to selling or leasing on a long term basis the ownership of its very large ore carriers as it doesn't intend to be a major freight operator.
Vale currently has 34 vessels under constructions, 16 of which are being built by international shipowners and will be operated exclusively for the company under long term contracts.
The remaining 18 ships, which are being built in South Korean and Chinese shipyards, may be transferred or leased to international shipowners, including the Chinese.
A Rio de Janeiro based press officer for Vale said that "Our goal is to encourage the construction of vessels which are more efficient, with higher standards of operational safety, environmentally friendly these vessels allow for a reduction of 35% in carbon emissions per transported tonne and contribute to reduce the freight volatility in the market."
(sourced from Dow Jones Newswires)
Dow Jones reported that Brazilian iron ore miner Vale SA is open to selling or leasing on a long term basis the ownership of its very large ore carriers as it doesn't intend to be a major freight operator.
Vale currently has 34 vessels under constructions, 16 of which are being built by international shipowners and will be operated exclusively for the company under long term contracts.
The remaining 18 ships, which are being built in South Korean and Chinese shipyards, may be transferred or leased to international shipowners, including the Chinese.
A Rio de Janeiro based press officer for Vale said that "Our goal is to encourage the construction of vessels which are more efficient, with higher standards of operational safety, environmentally friendly these vessels allow for a reduction of 35% in carbon emissions per transported tonne and contribute to reduce the freight volatility in the market."
(sourced from Dow Jones Newswires)
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