ShippingWatch

Golden Ocean declines after tragedy in Brazilian mine

A tragic accident at a Brazilian mine operated by Vale which cost 84 lives has impacted the share price for Norwegian bulk carrier Golden Ocean. The company lost a fifth of its market value this week, reports Norwegian business daily Dagens Næringsliv.

Photo: Ritzau Scanpix/Douglas Magno

Norwegian bulk carrier Golden Ocean lost a fifth of its stock exchange value after a tragic accident at a mine operated by mining giant Vale.

Vale, the world's largest iron ore producer, announced that it will close production capacity totaling 40 tons this year after a dam collapsed at one of the company's mines in Brazil, reports Dagens Næringsliv.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

For Coca-Cola, chartering vessels is by no means a foreign concept

Coca-Cola made a splash when one of the company's execs recently informed that it had chartered three dry bulk vessels as a result of the strained supply chains. It's a frequently used method, the company tells ShippingWatch. Nike expects shortages of products in coming quarters.

Further reading

Related articles

Trial banner

Latest news

See all jobs