Valemax vessel to berth in Mindanao

In October, one of CVRD’s Valemax iron ore bulk carriers will dock at Villanueva Port on the Philippines island of Mindanao for the first time. It will take on board cargo at Ponta da Madeira terminal in Brazil in September and deliver the iron ore to Japan’s JFE Steel plant in Mindanao. By the end of 2013, CVRD expects to have 35 of these 400,000dwt vessels in service, of which 19 will be directly owned by it and 16