Google Website Translator Gadget

Wednesday, January 18, 2012

Brazilian iron ore ship heads for Philippines

Wednesday, 18 Jan 2012

It is reported that a giant iron ore vessel owned by Brazil Vale, a multinational mining company, is on its maiden voyage to the Philippines and is expected to dock at Subic Bay in early February.

The 400,000-deadweight-ton Vale Brasil would be the second of the company so-called Valemaxes which are very large ore carriers to sail to Asia. The first vessel, the 388,000 DWT Berge Everest unloaded at Dalian Port on December 28 2011 ending months of delays in getting the world biggest dry bulk ships into China, Vale top market.

Traders said the cargo estimated at 350,000 tons has yet to be sold, however and is sitting in storage.

Reuters Freightviews and independent shipping data showed Vale Brasil is scheduled to arrive in Subic Bay on February 11. Draught measurements indicated the vessel was fully loaded with cargo.

Vale Brasil was supposed to be the first of Vale huge ships to arrive in Asia, but was diverted last June to Italy after the Chinese government failed to provide permission for the ship to dock at Dalian Port.

A source at Subic Bay Freeport said they had not yet been advised of the Vale Brasil arrival.

The source told Reuters that “But we are ready anytime to accept the ships, adding the port is deep enough to accommodate Valemaxes.”

Vale aims to turn Subic into an iron ore transhipment center, where it can dock its Valemaxes, transfer cargo to smaller vessels and then use these to supply its clients in other parts of Asia.


No comments: