Vale’s Shipping Strategy – Creating a Competitive Advantage?

In mid-2008, Vale announced an order for an innovative new ultra-large Capesize bulker targeting the Brazil/China trades. At 400,000 dwt, the Valemax or Chinamax ships are a third larger than the VLOC series pioneered earlier by Vale in a series of orders and conversions. The new generation of ships is part of a broader range of transshipment and other services that are intended to support innovative and low-cost services to its customers in China and secure an advantage relative to its competitors. Reflecting its deep commitment to the concept, another 16 “Max” vessels were ordered in 2009, bringing the total newbuilding commitment to USD 3.5 billion.

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