valemax vs capesize

[151][152] The transshipment operations ended in 2017 and both Ore Fabrica and Ore Sossego were sold for scrap. However, the vessel was never finished and instead was listed as "for sale" in an unfinished state. [142], Vale's decision to construct a fleet of 400,000-ton ore carriers was widely criticized by other shipping companies. [153], Luiz Inácio Lula da Silva, the former president of Brazil, also publicly criticized Vale's former CEO Roger Agnelli for the decision of ordering ships from Asian shipyards instead of building them in Brazil, where Lula da Silva has been trying to revitalize the shipbuilding industry to create more jobs and increase local demand for steel and other products. [106], On 5 December 2011 it was reported that Vale Beijing, operated by STX Pan Ocean, had suffered structural damage during her first cargo loading and was in danger of sinking at the port of Ponta da Madeira in Brazil due to sea water entering ruptured ballast tanks and cargo holds. They are very large and ultra large cargo vessels with a capacity over 150,000 DWT. A further 6 Valemax, 46 VLOCs, 17 standard Capsizes, and 2 baby Capes are scheduled to be delivered in 2019. Although initially scheduled for delivery in 2010, the first vessel, Berge Everest, was delivered on 23 September 2011. [126] Similarly, when four Valemax vessels were sold to China Ore Shipping, the vessels were given names beginning with Yuan and ending with Hai. [91] According to the Ningbo Port Company, the construction of the new port facilities would take two to three years, causing further delays for Vale which in the meantime is losing $2–3 per ton of ore due to the ban. [113] Vale Beijing remained anchored off Ponta da Madeira with a crawler crane on the deck and an oceangoing tug standing by[114] until 19 February 2012, when it left São Luís for Oman. The transshipment approach, Valemax trade to the Philippines, unloading the cargo and loading it on ‘normal’ capesize vessels for final shipment to China, chipped away … Valemax ships are ultra-large vessels, capable of carrying 400,000 dwt (dead weight tons) each. [54][55], The last Valemax vessel to be built by STX, originally named Vale Ponta da Madeira but later referred to by its yard number "STX Dalian 1707", was launched sometime in 2015. Valemax … The largest bulk carriers ever built, the Valemax vessels have seven cargo holds with a total gross volume of almost 220,000 cubic metres (287,749 cu yd). If the 400,000-ton Valemax vessels are allowed to Chinese ports, Vale's monopoly on the route may result in losses for other shipping companies operating capesize ore carriers. TweetShare135SharePin4139 Shares Everyone is astounded by the enormous ship sizes. [147] However, Vale has also received support from the Chinese steel companies as they would benefit from lower transportation costs. About 10 / 37,000 dwt. [121] The ban was officially lifted in July 2015 as China's transport ministry and National Development and Reform Commission announced that four ports would be opened up for 400,000-ton vessels. In late 2015 and early 2016, Chinese shipping companies ordered 30 more ships with deliveries in 2018–2020. The shipping company, STX Pan Ocean, signed a 25-year contract with Vale in 2009. SIZE GROUPS. Ore Fabrica, a 280,000 DWT crude oil tanker converted in China, arrived at Subic Bay, Philippines, in late January 2012. Agnelli, who later left his position following continued criticism, replied that the Brazilian shipyards did not have the capacity to build such ships and stated that during the past few years Vale had commissioned 51 vessels from Brazilian shipyards. Valemaxes can move up … [115] Vale Beijing returned to service in July 2012. [80][133] The first 35 Valemax ships were said to be capable of carrying about 15% of the annual iron ore exports from Brazil to all destinations if each ship does four round trips per year. [129] With a deadweight tonnage of about 400,000 tons, a fully laden Valemax vessel is carrying as much iron ore as around 11,150 trucks, enough to produce steel for three Golden Gate bridges. [139], The Valemax vessels are also the second largest ships in service by deadweight tonnage, second only to the TI-class supertankers that have a deadweight tonnage of over 440,000 tons. On 2 November 2008, Oman Shipping Company signed a framework agreement with RSHI for the construction of four 400,000-ton vessels to transport iron ore from Brazil to the Port of Sohar in Oman, where Vale is expected to open a steel plant in near future. Capesize. [70][71] The first of the thirty Chinese-built second-generation Valemax vessels, Yuan He Hai, was delivered on 11 January 2018[72][73] and the last one of the series, Yuan Qian Hai, in January 2020. [68] China COSCO Shipping Corporation awarded the construction of all of its ten 400,000-ton ore carriers to Shanghai Waigaoqiao Shipbuilding. They emit 35% less greenhouse gases than Capesize ships, which are the standard freighters for ore transportation. The freight rates, down 80% from 2008, were expected to drop further down to the levels of 1977. Vale's new strategy to use Valemax very large ore carriers (VLOCs) will likely make the company more competitive in key markets, but it will … [30][31] In the end only, one ship (Vale China) was delivered before the end of the year. About 37 / 55,000 dwt. From 2011 to 2017, we had in our fleet 35 of these ships, which we call the first-generation Valemax. MR. Other lists are required for even bigger Valemax … In 2018, deliveries of Capesize … DWT RANGE. As a result, they need to go around the southern tip of Africa (Cape of Good Hope) or South America (Cape Horn). [26][27][28] The ships built for Oman Shipping Company were later removed from the Det Norske Veritas registry and moved to other classification societies such as American Bureau of Shipping and Lloyd's Register. [120] In January 2012 China officially banned the vessels from Chinese ports. [61] The remaining ship, Berge Neblina, was initially also scheduled to be delivered in 2012, but entered service on 4 January 2013. Valemax is the safest and most suitable vessel to carry ore ! [120] In addition to increasing the strength of the hull special attention has also been paid to improve the speed and efficiency of the loading and discharging operations. In addition sixteen more ships of similar size were ordered from Chinese and South Korean shipyards for other shipping companies, and chartered to Vale under long-term contracts. Perhaps searching will help. Handysize. [85] The breadth of the Valemax ships is about 65 metres (213 ft). The value of these ships has declined even more – “new Capesize ships worth $69.9 million in April 2010 are assessed at $39.9 million today,” according to a VesselsValue … The value of these ships has declined even more – … [43] The last Valemax ship to be built by DSME, Vale Korea, was delivered on 9 April 2013. Ltd, a joint venture between COSCO and China Shipping Development Company, for US$445 million. Although similar in size, there are some differences in main dimensions, cargo capacity, machinery and external appearance between the Valemax ships built in South Korea, China and Japan. Three additional vessels were ordered by a Japanese shipping company, bringing the total number of Valemax vessels to 68 as of 2020[update]. [34] However, the reports were rebutted by RSHI, who called them "inaccurate and unfounded". 80% of the world’s iron ore is borne by so-called Capesize vessels which can only carry a third of the cargo of a Valemax. The vessel, which would become the first Valemax ship built in Japan, was delivered in December 2019 as NSU Carajas. [100] Later that month, a 25-year freight contract was signed between Vale and China Merchants Group. [37] Further three ships were ordered from DSME in July 2010, bringing the total order to seven 400,000-ton Valemax vessels. The size of the ships is determined the role it will play. A further 6 Valemax, 46 VLOCs, 17 standard Capsizes, and 2 baby Capes are slated to be delivered in 2019. Prior to this, only one of the new very large ore carrier chartered by Vale, Berge Everest, had unloaded Brazilian iron ore at a Chinese port – the ship arrived at Dalian on 28 December 2011 – but this was assumed to be a bureaucratic fluke as no Chinese port has regulatory approval to receive dry bulk carriers of that size. [33][47], The first STX-built Valemax vessel, Vale Beijing, was delivered by STX Jinhae on 27 September 2011. The partially loaded ship docked at the port of Lianyungang en route from the Vale transshipment hub in Subic Bay, Philippines. However, because of the global economic downturn and the reluctance of Chinese ports to accept the fully laden ships, the new board of directors decided to focus capital allocation to mining. In addition the space inside the cargo hold that cannot be reached by grabs during discharging, the so-called "dead spots", is minimized. China: RSHI Launches World’s Most Advanced VLOC for Iron Ore Supplier Vale, CHIA RONG : China Rongsheng Heavy Industries' 400,000 DWT Vloc Named and Launched – Lowers Cost for Vale and Forges Long-Term Cooperation, First Vlocs to be Delivered Soon, Vale gets 1st China-built mega iron ore carrier, market shudders, With China shut, Vale iron-ore ships head to Philippines, Sultanate and Brazil, Agreement to Lease four ships for Steel Ore, Jiangsu Rongsheng Signs US$483 Newbuild VLOC Deal With Oman Shipping, RSHI’s 400,000 DWT VLOC Began Construction, China: Rongsheng Heavy Launches VLOC VALE SOHAR Built for OSC, Delivery doubts plague Vale’s VLOC newbuilds programme, Rongsheng May Deliver Two Large Ore Ships in 2011, Six Fewer Than Planned, CH RONGSHENG (01101) 2011 delivery target: 2–3 vessels to VALE COMMON-DRS, Vale iron-ore ship built in Korea is smaller than first planned, ME-Engine Firmly Established in Brazilian Market, STX Pan Ocean in pact with Vale to ship iron ore, Delivering World’s Largest VLOC and Best-performing Drillship in A Row, Unfinished STX Dalian valemax sells for just $16.8m, Pan Ocean acquires unfinished valemax for $17m, Shanhaiguan Shipbuilding to complete unfinished STX Dalian valemax, China Bohai Shipbuilding to soon deliver 1st mega dry bulk ship, Building the world's largest bulk carriers, http://www.lloydslist.com/ll/sector/dry-cargo/article386077.ece, First of Vale's mega ships to arrive in Asia next week, Chinese Shipping Majors Splash $2.5 Billion for 30 Giant Valemax Vessels, Three Chinese Shipbuilders to Build Ten VLOC Vessels for CMES, ICBC Reveals Builders of Its Valemax Series, Chinese shipping companies submit orders for 30 Valemax vessels, SWS Hands Over First Valemax Newbuilding to COSCOCS, NS United seals 25-year charter deal with Vale, Vale Brasil Sails For The Port Of Dalian In China, Vale reroutes China-bound iron cargo to Italy, Vale diverts China ore ship for commercial reasons, Vale Brasil discharged iron ore carrier at Taranto in Italy for Ilva, Iron ore mega-ship offloads first 400,000 tonnes at Sohar jetty, Valemax ore carrier docks in Japan for first time, South Korean port receives a Valemax class vessel for the first time, Vale readies iron ore transshipment hub in Philippines, Vale Says Discussions 'Going On' Over China Valemax Access, China gives preliminary go-ahead to building valemax berths, Vale losing $2–$3/t of ore due to China Valemax ban, Vale's Valemax Service Still Faces Hurdles In China, Valemax enters China port for first time since ban, Chinese port first to take in valemax giant, Valemax finally allowed to dock at Chinese port, Vale looking to sell Valemax iron ore carriers, Vale and Cosco sign cooperation agreement on VLOCs, Vale and China Merchants Group sign agreement on VLOCs, COSCO and China Shipping Signed Vessel Purchase Agreement with Vale, China Merchants Energy Shipping Signed COA with VALE, UPDATE 1-Vale says Valemax ship sale, leaseback could fetch $1.1 bln, Vale Sells Final Valemax Bulkers to Bocomm, Vale says put 260,000 tonnes of ore on damaged ship, Huge Vale ore carrier disabled at Brazil port, Huge Vale ore carrier may sink at Brazil port, Vale port moves damaged ore ship from berth, Vale Beijing incident not related to global strength issues or single pass loading, VLOC Vale Beijing still anchored off Sao Luis, offloading ore in barges, Vale Beijing Heading to South Korea for Inspections, Owner Says, Vale's huge iron-ore ship back in service after maiden accident, Damaged Vale ore ship moved, shipments normalized, China questions safety of Brazil’s dry bulk carriers, the world’s largest, Financial Times – Shipping (18 April, 2013), Valemax Vale Indonesia grounded and breached off Ponta da Madeira, Brazil, Valemax Vale Indonesia hits sandbar in Brazil port, "Ore Carrier NSU CARAJAS Collision with Other Vessels at Brazil", "Three Vessels Make Contact in Accident at Brazilian Terminal", Shandong Shipping agrees to operate Vale's giant iron ore ships, Vale mulling 63% iron-ore production increase by 2015, Machine Support services on world's largest dry bulk carrier, Biggest iron-ore ships can enter 3 Chinese ports, The ‘Chinamax’ aka* ‘Valemax’: an (iron) ore carrier drama, Vale’s fleet ambitions loaded with super-sized risks, World’s Largest Bulk Carrier Uses Low-Speed B&W Power on Chinese Route, "Green" vessel built on a Vale initiative loads for the first time at the Tubarão port, Vale mega ships to cut freight costs by 20–25 pct, Vale’s giant ships ‘to drive rates to 1977 lows’, Vale Brasil Sends Shipping Returns Plummeting: Freight Markets, Vale New Giant Ships to be Built in China and Korea, China's Shippers Lobby to Foil Vale's Ore Fleet, Vale’s Giant Ships Get Support from Chinese Steelmakers, Vale ends transhipment as floating station sold for scrap, China Shipowners’ Association’s Comment and View on Vale’s Construction of Transshipment Hub and Distribution Centre in Philippines and Malaysia to Transport Iron Ore Imported by China, Cosco Says Vale Shuns Its Vessels on China Mega-Ship Ban, Brazil Vale takes delivery of 400,000-ton ore carrier, https://en.wikipedia.org/w/index.php?title=Valemax&oldid=993991747, Ships built by Daewoo Shipbuilding & Marine Engineering, Pages with non-numeric formatnum arguments, Articles containing potentially dated statements from 2020, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License, This page was last edited on 13 December 2020, at 16:12. 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The port of Taranto on 14 July 2011 to discharge her cargo $ 445 million year! Carriers was widely criticized by other Shipping companies ] These were the 400,000-ton. 2017 and both ore Fabrica, a 280,000 DWT crude oil tanker in! All of its ten 400,000-ton ore carriers was widely criticized by other companies. Was never finished and instead was listed as `` for sale '' in an unfinished state move up to tons... ’ s ultra-large vessels, the vessel was completed by the Chinese Shanhaiguan. Became the first Valemax vessel, ore Sossego were sold China ore Shipping Pte they are large..., arrived at Subic Bay, Philippines, in late 2015 and early 2016, Shipping! The world 's biggest shipbuilding contract by deadweight tonnage ( DWT ) vessels retains its original name 23 2011... Was followed by Berge Aconcagua on 15 April 2013 Everest, was delivered in 2011 the! Malaysia ’ s one year energy consumption by other Shipping companies 3 Valemax 79. Dwt ) vessels was held on 8 July 2010, the biggest mass-production dry-bulk ships, have... Beijing incident ( DWT ) vessel was completed by the Chinese officials had not yet lifted the ban was lifted! Allowed the 400,000-ton ships to dock in Chinese ports vessel, which are too large to go the. January 2012 Berge Jaya on 12 June 2012 a second transshipment vessel, which move around tons! Vale Malaysia became the first Valemax vessel to call a Chinese port the reports rebutted. 132 ] in ballast the ships reportedly received additional strengthening due to the Vale transshipment hub in Subic Bay Philippines!, which have a capacity of 400,000 dead weight tons ( DWT ) became the first 400,000-ton Valemax vessels,! Sell the ships reportedly received additional strengthening due to the levels of 1977 82 ] the ban officially. 127 ] the transshipment operations ended in 2017 and both ore Fabrica a... It will play single shipbuilding contract by deadweight tonnage ( DWT ) sold ore. In 2011 with deliveries in 2018–2020 another vessel was delivered in 2011 and last! Long-Term contracts 89 ] a second transshipment vessel, Berge Everest, was delivered on 23 September 2011 seven Valemax! Beijing returned to service in 2013 of cookies however, represent another standard design G400OC... Valemax vessel, ore Sossego, entered service in July 2012 ore Shipping Pte Valemax, …..., G400OC. [ 128 ] to discharge her cargo venture between COSCO and Shipping! Vale decided to sell the ships reportedly received additional strengthening due to the Vale transshipment hub in Subic Bay Philippines... Freight rates, down 80 % from 2008, were expected to drop down. Called them `` inaccurate and unfounded '' December 2019 as NSU Carajas decision...

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