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SHIPPING NEWS » DRY BULK

Vale SA four of its 19 iron-ore mega ships to Asian companies

Vale SA (VALE3) sold four of its 19 iron-ore mega ships to Asian companies, Valor Economico reported, citing a Vale official that it didn’t identify.
Thursday, 22.Dec.2011, 00:25 (GMT+3)

Vale SA (VALE3) sold four of its 19 iron-ore mega ships to Asian companies, Valor Economico reported, citing a Vale official that it didn’t identify.

The company plans to sell the remaining 15 vessels in 2012, the Sao Paulo-based newspaper said. The company’s board approved the strategy last week, Valor said.

Source: Bloomberg

Read: 3600 Times-

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