HMM inks mega $3.5bn iron ore shipping deal with Vale

🇧🇷 Seatrade Maritime (BR) —

AI Summary

HMM has signed a major 3.5 billion USD contract with Brazilian mining company Vale to transport iron ore cargoes for 25 years using eight Newcastlemax newbuild ships. This strategic shipping deal underscores the ongoing importance of maritime logistics in the global commodities supply chain.

The contract will employ eight Newcastlemax newbuildings for 25 years transporting cargoes for the Brazilian miner

Markets Deals Commodities Shipping HMM Vale iron ore shipping deal Newcastlemax maritime transport Brazil commodities

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