Vale Sells Two Very Large Ore Carriers for $178 Million


Brazilian mining company Vale SA said it has sold two ships with a capacity to carry 400,000 tonnes of iron ore each for a total of $178 million.

The company said it received the payment on August 8 and that it is in talks to sell two remaining ships of the same class (VLOC, very large ore carriers). Vale did not reveal the name of the buying company.


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