09
Dec
16:20
Vale sells four Valemax carriers to Chinese consortium
Vale has officially completed the sale of four very large ore carriers (VLOC) of 400,000 tonnes deadweight to a consortium led by ICBC Financial Leasing, the miner tells Kallanish. The ICBC is a subsidiary of the Industrial and Commercial Bank of China.
According to the filing published by the Brazilian company, the transaction was valued at $423 million. The miner received the funds on December 8, 2015, upon the delivery of the vessels, also known as Valemax cl…
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Anonymous
Very good overview of the weekly steel market.
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