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Alphabulk: Vale-Max could become superfluous

The massive Vale-Max dry bulk ships, also known as white elephants or Cape Killers, could become superfluous in an already jammed dry bulk market, according to an analysis by Alphabulk.

Brazilian mine-giant Vale could have saved the investment in the massive VLOCs (Very Large Ore Carrier) called Vale-Max, nicknamed the white elephants or Cape Killers, referring to the smaller, capesize bulk ships, writes analysts Alphabulk.

"It is clear (...) that in almost every voyage performed so far Vale would have been better off employing regular capesize tonnage and would have made a saving in the region of USD 158 million had they done so. Given today's newbuilding prices 4 X 200k deadweight super efficient bulkers could be purchased outright," says Alphabulk in the analysis.

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