Will China build 50 giant dry bulk vessels?

The Brazilian iron ore giant Vale is, according to unconfirmed reports, in the midst of negotiations with four Chinese shipping yards for the construction of 50 Valemax dry bulk vessels of 400,000 dwt each, according to Lloyd's List.

BY OLE ANDERSEN

Brazilian Vale, presumably the world's largest producer of iron ore, is according to unconfirmed reports from brokers in Singapore and Australia in the midst of negotiations with four Chinese dry bulk carriers regarding a giant newbuilding program for up to 50 so-called Valemax vessels of 400,000 dwt each, according to Lloyd's List.

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