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.
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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 ...
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