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Vale sells four VLOCs to ICBC Financial Leasing

Vale sells four VLOCs to ICBC Financial Leasing
Vale has completed the sale of four valemax VLOCs to ICBC Financial Leasing.

The Brazilian miner is selling four 400,000 dwt ore carriers for $423m to the leasing arm of the Industrial and Commercial Bank of China.

The four vessels are currently owned and operated by Vale.