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.

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 ...

A remarkable sighting of one of South Africa's longest trains has captivated viewers, with the massive iron ore carrier boasting 370 carts and the capacity to transport 70 tonnes of cargo The ...

Rio was able to get iron ore carriers back into the ports of Cape Lambert and Dampier late on Saturday and there are no indications of damage to its 2000km-long rail network. However, the latest ...