Monday, 20 February 2012

Vale Beijing departs

Vale Beijing departed Sao Luis on Sunday 19th February, bound for Vale's Sohar pellet mill in Oman. No further ore was loaded after the structural failure alongside Ponta da Madeira and, after cargo was redistributed, she has been granted a voyage dispensation to make the one-way trip.

After discharge at Sohar, she will go to dry-dock in the Arabian Gulf for permanent repairs.

The Antipodean Mariner has been told that the structural failure was a design flaw by her Builders, STX Shipbuilding. Stiffeners on the webs were incorrectly oriented resulting in the frames with the structural integrity of corrugated cardboard. STX Pan Ocean will be wearing the off-hire and repair but Vale have suffered the greater commercial 'damage' of China's closure to the fleet.

In Subic Bay, Vale Brasil and Ore Fabrica are still rafted together after seven days. Ore Itagaui (280,000 DWT VLOC) and Ore Pantanal (180,000 DWT Cape, built 2010 Sundong) remain at anchor awaiting their opportunity to received cargo. Ore Fabrica doesn't have sufficient deadweight to receive 'Brasil's full cargo. AM's running a voyage model and will put a number on the cost of this first trans-shipment against the long run voyage cost of Brazil - China.

Sundong-built Capesize



  1. Great post- I've been watching this with interest. Vale's shipping division is rapidly becoming viewed as a millstone, and I suspect we'll see some heads roll before much longer. The relationship between Vale and the Brazilian government is no where near as cut and dried as it appears on the official financials.

  2. Did you manage to calculate the voyage cost?