The second-largest ore carrier in the world was officially named and delivered to China Ore Shipping on Thursday in Shanghai, which might boost Brazil’s iron ore exports.
The Ore carrier
A 400,000-dwt mega ship, named Yuanhehai, was delivered to China Ore Shipping, affiliated with China Cosco Shipping Corporation, in Shanghai almost a year after the deal was made in 2016, China News Service reported.
Yuanhehai is the second-generation very large ore carrier (VLOC) designed by Shanghai Waigaoqiao Shipbuilding Company. This marks the first delivery of the second-generation VLOC.
Capacity
The VLOC, designed for Brazilian mining giant Vale SA, will boost and support its transport of iron ore to China and other Asian countries, such as Japan and South Korea, says Wu Minghua, a Shanghai-based independent shipping industry analyst to the Global Times on Thursday.
Market need
Also, Wu quotes that this second generation VLOC, 30 in all, manufactured by four shipbuilders in China, will meet Brazilian export requirements for iron ore in 2018 and succeeding years.
Brazil’s Vale is expected to produce about 63 million tons of iron ore in 2018 as its new mine lot is being exploited, he added.
Fleet expansion
Its construction began on November 9, 2016, and its seven-day trial was completed on December 21. It has undergone more than 80 tests at sea.
The ship is 362 meters long, 65 meters wide and 30.4 meters high.
It’s more economical, environmentally-friendly and safer than the first-generation carriers. The shipbuilder, Shanghai Waigaoqiao Shipbuilding Company, will deliver nine more VLOCs to China Ore Shipping, a China News Service reported.
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Source: People’s Daily Online
