Vale HMM Charter: US$3.5 Billion Iron Ore Deal Spans 25 Years

BRAZIL · BUSINESS Key Facts —The deal: The Vale HMM charter is signed: South Korea’s HMM will haul Vale iron ore under a 4.7 trillion won (US$3.5 billion) package of 25-year contracts, the carrier announced on Tuesday. —The ships: Eight 210,000-ton Newcastlemax bulk carriers, each on its own 25-year contract starting in 2030, when the […] The post Vale HMM Charter: US$3.5 Billion Iron Ore Deal Spans 25 Years appeared first on The Rio Times.

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