Mining giant negotiating order for additional VLOC's

The four large VLOC bulk carriers already ordered by Australian mining giant Fortescue only represent the beginning of the mining giant's efforts to establish its own fleet. Fortescue is already negotiating another large order.

Photo: Vale

Australian mining giant Fortescue, one of the world's Big Four, is in negotiations with Chinese shipyard interests for the delivery of even more VLOCs than the four vessels ShippingWatch reported on last week.

According to Fortescue's latest interim report, published in July, Fortescue is looking to add another four of the major dry bulk vessels to its fleet, a move that would make the carrier considerably self-sufficient in the transport chain, likely pushing the company above ten percent.

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