Shanghai: China Rongsheng is scheduled to deliver another two valemaxes to Brazil's Vale SA this year, a senior Vale official was quoted as saying. The two vessels will be the 400,000 dwt Vale Hebei and Vale Shandong.
Beijing: The tussle over the berthing of Vale's giant iron ore carriers may finally be over with China's transport ministry approving plans to build berths for iron ore vessels of up to 400,000 dwt at its eastern Ningbo-Zoushan port.
Singapore: Indonesia's Samudera Shipping Line is disposing two dry bulk carriers to cash in a total of $3.25m.
Jakarta: Indonesia’s second largest nickel ore producer Aneka Tambang (Antam) has been reported as saying taxes and restrictions on ore shipments may cut supplies by as much as 20% in the second half of 2012 from a year earlier.
Shanghai: China Rongsheng Heavy Industries Group has named the first two 380,000 dwt VLOCs of four in the series to be built for Oman Shipping Company.
Beijing: Brazilian miner Vale may build a second iron ore floating storage vessel in Asia excluding China to skirt stricter guidelines by Chinese ports on its VLOCs.
Singapore: Mercator Lines (Singapore) is looking to raise $19m from convertible bonds with its holding company Mercator International.
Singapore: The Seatrade Asia Awards last night honoured the best in Asian shipping with Khalid Hashim of Precious Shipping receiving the Seatrade Lifetime Achievement Award.