World’s largest ore carrier delivered in Shanghai

By Liu Caiyu Source:Global Times Published: 2018/1/11 23:23:40

The largest ore carrier in the world was officially named and delivered to China Ore Shipping on Thursday in Shanghai, which experts said will boost Brazil's iron ore exports.

The 400,000-dwt mega ship, Yuanhehai, was delivered to China Ore Shipping, affiliated with China Cosco Shipping Corporation, in Shanghai almost a year after the deal was made in 2016, China News Service reported.

The Yuanhehai is the second-generation very large ore carrier (VLOC) designed by Shanghai Waigaoqiao Shipbuilding Company. The delivery was the first ship of the second-generation VLOC.

The VLOC, designed for Brazilian mining giant Vale SA, will boost and support its transport of iron ore to China and other Asian countries, such as Japan and South Korea, Wu Minghua, a Shanghai-based independent shipping industry analyst, told the Global Times on Thursday.

The second generation VLOC, 30 in all, manufactured by four shipbuilders in China, will meet Brazilian export requirements for iron ore in 2018 and succeeding years, Wu said.

The market predicted in 2016 that Brazil’s Vale would export an increase of 63-million-ton iron ore to China in 2018 as its new mine lot is exploited, he added.

Vale told the Global Times on Friday its total global annual production volume of iron ore in 2018 is estimated to reach up to 390 million tons.

Construction of the Yuanhehai began on November 9, 2016, and its seven-day trial was completed on December 21. It has undergone more than 80 tests at sea.

The ship is 362 meters long, 65 meters wide and 30.4 meters high.

It's more economical, environmentally-friendly and safer than first-generation carriers. The shipbuilder, Shanghai Waigaoqiao Shipbuilding Company, will deliver nine more VLOCs to China Ore Shipping, China News Service reported.


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