Oman Shipping Company (OSC) has inked a OMR137m ($355.8m) loan with two local banks to fund the purchase of four VLOCs, the company announced in a statement.

Los Angeles: Scrap handler SA Recycling has begun exporting iron ore to Asia from the Port of Long Beach, California, having loaded and sent its first shipment of 50,000 tonnes.

Shanghai: Brazil mining giant Vale's 400,000 dwt Vale Malaysia docked at Lianyungang port in China this week.

Mumbai: K Line (India) Private Limited (KLIN) is diversifying for the first time into coastal shipping.

Muscat - Oman Shipping Company (OSC) has taken delivery of Very Large Ore Carrier (VLOC) Vale Shinas, which will be used to transport iron ore from Brazil to the Vale pelletisation plant in Sohar.