'Vale Brasil' Juggernaut Iron-ore Ship En-route to China Powered by Wärtsilä

By George Backwell at May 28, 2011 21:37
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Vale Brasil, the world’s largest ore-carrier, this week en route from the NE coast of Brazil on her maiden voyage to Darien, China, is loaded with 391,000 tons of iron-ore. A juggernaut seen by market analyst Erik Nikolai Stavseth, of Arctic Securities ASA in Oslo, as one of a breed of ‘sea monsters’ (more of the same are on order by Brazilian mining conglomerate Vale) that will change the way iron-ore flows to satisfy China’s enormous appetite for the commodity. Why build such gigantic iron-ore carriers, bearing in mind the design challenges? Simply in order to make Brazilian iron-ore competitive in price with the Australian delivery to the Chinese market, despite the commodity having to travel almost double the ocean distance; Vale Brasil offers lower freight costs gained through economy of scale.The good news is that this ship will be flexing green power muscles with a carbon footprint of 34% less per tonne of cargo carried than traditional Capesize vessels &... [More]

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