Brazilian mining company Vale SA has 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 has not revealed the name of the
It may be recalled here
that Vale S.A. concluded talks with Polaris Shipping for the sale of four
Capesize bulk carriers for a total of USD 140 million.