New bulk giants could push Capesize out of key route

The Capesize vessels, which have a big impact on the rate level in the entire dry bulk industry, could be rendered superfluous when Brazil and China team up to deploy even more of the giant Valemax ships, writes Alphabulk.

Photo: Vale

The large Capesize vessels could risk being rendered completely superfluous on one of the most important routes in dry bulk - the transport of iron ore from Brazil to China - when the even larger Valemax ships operated by Chinese shipowners presumably come to dominate the transports between the two continents in just a few years.

A fleet of an additional 35 to a 65 of these Valemax giants with 400,000 dwt each are scheduled for deployment on the route as part of a large-scale deal between the Brazilian mining company Vale and the Chinese dry bulk shipowners including Cosco and Sinotrans as well as shipyards in China.

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