Rongsheng Heavy Industries has secured a $1.6bn order to build 12 very large ore carriers from Vale. Vale recently secured a $1.23bn loan from the Export-Import Bank of China and the Bank of China to build the vessels, which constitutes 80% of the newbuild programme. The
Rongsheng Heavy Industries has secured a $1.6bn order to build 12 very large ore carriers from Vale.
Vale recently secured a $1.23bn loan from the Export-Import Bank of China and the Bank of China to build the vessels, which constitutes 80% of the newbuild programme.
The credit will have a 13-year maturity period and will be given to Vale over the next three years, according to seatradeasia-online.com.
