Huge Vale ore carrier may sink at Brazil port [SoftCommodities] - MarketTicker Forums


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User Info	Huge Vale ore carrier may sink at Brazil port in forum [SoftCommodities]
Lplate Posts: 4737 Incept: 2008-08-06 Australia	Quote: http://www.reuters.com/article/2011/12/0.... Mon Dec 5, 2011 RIO DE JANEIRO/LONDON, Dec 5 (Reuters) - The world's largest iron ore carrier is disabled and could sink at a key Brazilian port from where Vale, the world's No.2 mining company, loads about 10 percent of the global iron-ore trade, shipping agents and media said on Monday. The crippled "Vale Beijing" is the latest blow to Vale's multi-billion-dollar plan to have a fleet of 35 of the world's biggest iron ore carriers to tap demand in the world's fastest growing emerging market, China... Quote: Were the Vale Beijing to sink at dock, or face further problems, it would threaten to delay loading at the port responsible for nearly 10 percent of the world's 1 billion tonnes of annual sea-borne iron-ore shipments, an essential ingredient for steel production in China and Europe... 2011-12-05 19:15:23 Permalink
Lplate Posts: 4737 Incept: 2008-08-06 Australia	This will teach them to wait for version 1.2 Quote: November 25, 2011 http://mobile.bloomberg.com/news/2011-11.... The South Korean-built Vale Beijing, which entered service this month, has a capacity of 374,400 deadweight tons, Per Wiggo Richardsen, a London-based communications director for Det Norske Veritas, said by phone today. That’s 6.4 percent less than the 400,000 tons that ship owner STX Pan Ocean Co. said it would be. A spokeswoman for Rio de Janeiro-based Vale declined to comment. 2011-12-05 19:57:39 Permalink
Lplate Posts: 4737 Incept: 2008-08-06 Australia	Quote: http://antipodeanmariner.blogspot.com/ EST Monday, December 5, 2011 New is circulating that 'Vale Beijing', one of the new ValeMax VLOCs, has suffered cracking while loading at the Brazilian port fo Pant de Madeira. The crack is apparently in the No.7 Hold and water is flooding into the hold from an adjacent ballast tank. The ship was scheduled to load 384,000 tonnes of iron ore but loading was stopped when she had about 200,000 tonnes loaded and with about 20,000 tonnes in the No.7 Hold. Sources have advised the Antipodean Mariner that the ship will be moved off the loading berth and her bunkers are going to be pumped off to reduce the risk of pollution. Ponta de Madeira is a loading terminal and there are no facilities to discharge the ore aboard 'Vale Beijing'. 'Vale Beijing' was built at STX Jinhae Shipyard Korea, owned by STX Pan Ocean and time-chartered to Vale. 2011-12-05 20:01:46 Permalink
Genesis Posts: 131438 Incept: 2007-06-26	I hate when that happens! ---------- I don't care* if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* 2011-12-05 20:03:31 Permalink
Abn0rmal Posts: 9261 Incept: 2009-01-10	Cracking? Something either went terribly wrong at the steel mill or else terribly wrong with the welding. 2011-12-05 20:34:06 Permalink
Lplate Posts: 4737 Incept: 2008-08-06 Australia	Quote: Cracking? Something either went terribly wrong at the steel mill or else terribly wrong with the welding. My bets are on they used Chinese steel. 2011-12-05 20:58:17 Permalink
Snooze Posts: 2849 Incept: 2007-07-09 florida	too bad it did not break apart while underway....another generation's Edmund Fitzgerald. ---------- Wealth is found in the warmth of the sun, in the coolness of moist soil, in the taste of fresh air, and in the pulse of your heart. Plant a seed and harvest your riches. 2011-12-05 21:41:20 Permalink
Mrbill Posts: 7904 Incept: 2008-10-19 North Carolina Online	Chinese steel? Don't you mean Chinese garbage painted to look like steal? If it's made of styrofoam, shouldn't it float :) 2011-12-05 21:44:42 Permalink
Zlow_hand Posts: 798 Incept: 2008-01-22 San Antonio, Tx	Stories like this always remind me of this site: http://www.cargolaw.com/gallery.html Lots of interesting reading and pics. 2011-12-05 21:56:33 Permalink