China Merchants Energy Shipping (CMES) has entered into a 20-year contract of affreightment (COA) with Brazil’s mining giant Vale, using the 390,000 dwt mega-sized VLOCs.
China Shipowner’s Association (CSA) will “closely monitor” the approval by Beijing on valemaxes calling at Chinese ports, especially in the area of protecting the interests of local dry bulk shipowners, according to its executive vice chairman...
China Merchants Energy Shipping (CMES) has established a wholly-owned subsidiary that will own and operate four 400,000 dwt VLOCs acquired from Brazil’s mining giant Vale.
China Merchants Energy Shipping (CMES) and Vale have confirmed a deal for the latter to sell four of its 400,000 dwt VLOCs to the former under a deal worth $448m.