[241211.EN.SEA] Vale ‘Sells Four VLOCs’

Sao Paolo: Reports from a Brazilian newspaper, Valor Economico, suggest miner Vale has sold four of its 19 VLOCs to unspecified Asian owners, something the mining giant refuses to confirm.

Vale plans to sell the remaining 15 vessels in 2012, the newspaper reported, citing an unidentified Vale official.
Were Vale to sell to Chinese owners and charter them back then finally it would likely be given the greenlight to have these 400,000 dwt behemoths call in China, something the six ships delivered so far have been denied.

Source : STA, 23.12.11.