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06.07.2012 19:03

China Set to Deliver Two Mega-ships to Vale

Executive at Brazilian firm says two more of the controversial Valemaxes will be finished this year
By staff reporter Pu Jun

(Beijing) – Heavy industry group Ch Rongsheng will deliver two mega-ships to Brazil's Vale SA this year, a senior executive at Vale's subsidiary in Singapore says.

Joao Mendes De Faria said on June 6 the two vessels will be the Vale Hebei and Vale Shandong, and both would have cargo capacities of 400,000 tons each.

Vale plans to have 35 of the mega-ships, known as Valemaxes, in the water by 2014. Twenty-four of the ships are being built by Chinese builders. Fifteen of the ships are in use and can moor at ports including Taranto in Italy, Sohar in Oman and Rotterdam in the Netherlands.

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