The vessel, a Very Large Ore Carrier with a capacity of 260,000 tons, was taking a cargo of iron ore from the Ilha Guaiba terminal, near Rio de Janeiro, to China for use in the steel industry.

Twenty years before the Titanic changed maritime history, another ship touted as the next great technological feat set sail ...

Explorers have discovered the wreckage of a cargo ship which capsized in Lake Superior more than 130 years ago. The Marine ...

It has invested in a fleet of very large ore carriers (Valemaxes) which somewhat mitigate this freight disadvantage. We expect the breakeven cost curve to materially flatten by midcycle ...