Seen this week at Subic Bay are not one, not two but three laden ValeMaxes ('Vale Qingdao', 'Berge Everest' and 'Vale Rio de Janiero') plus three Capesize bulkers and Ore Fabrica.
From 10th August, when the AM watched 'Vale Qingdao' rafting up with 'Berge Townsend' and 'Ore Fabrica', it has taken 18 days to discharge the full cargo at an average of about 22,000 tonnes per day. Claiming 5,000 tonnes per hour, achieving less than 1,00 tonnes per hour.
With maybe US$600 million in assets anchored, how long can Vale continue to 'spin' the good news story that Subic Bay represents a viable trans-shipment alternative to China's deep water ore ports?
|Day 0 - Rafting up after 13 days anchored|
|Day 15 - Rafted with 'Samjohn Vision'|
|Day 15 - Vale Rio de Janiero (left) and Berge Everest (right) anchored|
awaiting their turn to discharge with another two Capes to seaward.