Subscribe to RSS feedSTX Pan Ocean signs 25-year, US$6bn Vale ore carrier deal
by
Michelle Wiese Bockmann, London
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last modified
Oct 02, 2009 10:13 AM
STX Pan Ocean said last week it would tie up eight very large ore carriers (VLOCs) to perform the largest consecutive voyage contract in shipping’s history.
The 25-year deal signed this week between the South Korean shipowner and Vale – the world’s largest iron ore producer – is worth as much as US$5.8bn, STX Pan Ocean said.
The deal involved fixing 3bn tonnes of consecutive...
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