Vale stops using converted VLCC ships
Vale has stopped using very large crude carrier (VLCC) ships converted into very large ore carriers (VLOC), following a final delivery to China on Sunday, according to a securities filing on Monday.
Vale had said in January it would stop using the converted ships, opting instead for long-term contracts using more modern Valemax and Guaibamax ships.
A host of faults have been detected on VLCC ships in recent years including the sinking of the Stellar Daisy with the loss of 22 lives and 260,000 tonnes of iron ore three years ago.
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