Reviews & Ratings for the Ore-Hebei

In a significant transaction, a total of four bulk carriers, including the vessels ORE DONGJIAKOU, ORE SHANDONG, and ORE CHINA, have been sold en bloc to Chinese buyers for a remarkable sum of $423 million. This deal highlights the ongoing strength and demand within the maritime shipping sector, as investments in modern bulk carriers continue to attract significant interest from international buyers.

On September 28, 2012, China Rongsheng Heavy Industries successfully handed over the 380,000 dwt Very Large Ore Carrier (VLOC) named Vale Hebei to Brazilian mining giant Vale. This significant delivery has been positively received by Vale, marking another milestone in their ongoing partnership. Notably, this marks the fifth VLOC delivered by China Rongsheng in the current year, following the completion of a single vessel in the previous year. This achievement underscores the yard's growing capabilities in the construction of high-capacity bulk carriers.

Ch Rongsheng, a prominent heavy industry group, is on track to deliver two colossal ships to Vale SA, the Brazilian mining giant, as confirmed by a senior executive from its Singapore subsidiary. Mr. Joao Mendes De Faria announced on June 6 that the vessels, named Vale Hebei and Vale Shandong, will each boast an impressive cargo capacity of 400,000 tons. With the delivery imminent, ports in South Korea and Japan are preparing to welcome the massive Valemaxes. Mr. De Faria forecasts that these ships will increasingly become vital in transporting half of Brazil's cargo to Asia on an annual basis. However, he pointed out a significant challenge: the Chinese Ministry of Transport has prohibited Valemaxes from docking at its ports. Consequently, these immense carriers will need to redirect to a deepwater port in Malaysia or utilize one of two offshore stations in the Philippines for unloading. Post discharging their cargo, smaller vessels will take over for the journey to China. By 2014, the combination of these facilities is expected to handle a staggering 60 million tons of cargo each year. Vale's ambitious plans include having 35 Valemaxes operational by 2014, with 24 currently being constructed by Chinese shipbuilders. Currently, 15 Valemaxes are already in operation and can dock at various international ports, including Taranto in Italy, Sohar in Oman, and Rotterdam in the Netherlands.