AmericasDry CargoGreater China
Vale sells three VLOCs to group led by China’s ICBC
Brazil’s mining giant Vale has agreed to sell three of its Valemax bulkers to a group of buyers led by China’s Industrial and Commercial Bank of China (ICBC) for $269m.
The very large ore carriers (VLOC) are expected to be delivered as soon as August.
In December 2015 Vale sold four VLOCs to a consortium led by ICBC Financial Leasing.