Brazil’s state-owned Vale has agreed to sell three of its 400,000-dwt valemax bulkers for $269m to ICBC International, wholly-owned by Industrial and Commercial Bank of China (ICBC).

China Merchants Energy Shipping (CMES) has penned a deal to invest $381.9m to purchase a 30% stake in ICBC Financial Leasing’s VLOC Maritime Holdings.

China’s privately-owned Yangzijiang Shipbuilding has signed a deal in Beijing with ICBC Financial Leasing to construct six 400,000 dwt VLOCs worth a total of $510m.

Brazil’s Vale and China’s ICBC Financial Leasing have penned contracts of affreightment (COA) for the transportation of iron ore over a long term 27-year period.

Shanghai Waigaoqiao Shipbuilding (SWS) and Qingdao Beihai Shipbuilding Heavy Industry have landed an order to each build four VLOCs worth a total of $680m from China Merchants Energy Shipping (CMES).

China Merchants Energy Shipping (CMES) has sealed a long term 27-year charter contract to transport iron ore for Brazil's state mining giant Vale, following an earlier similar deal made by Coscocs.

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

The board of China Merchants Energy Shipping (CMES) has approved plans to order 10 VLOCs on the back of a charter deal with Brazil’s mining giant Vale.

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.