The Conversation (0)
- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Top Stocks
Top Resource Stocks
Top Tech Stocks
Top Life Science Stocks
Trending
Trending Articles
Trending Press Releases
Trending Companies
Trending Reports
Resource
Popular Lists
Investing Ideas
Outlook Reports
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
Investing Guides
Tech
Popular Lists
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
Investing Ideas
Outlook Reports
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
Investing Guides
Life Science
Popular Lists
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
Outlook Reports
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Investing Guides
Vale Says Potential Sale of World’s Largest Ore Ships ‘Won’t Carry Loss’
Sep. 07, 2011 11:37AM PST
Base Metals Investing Bloomberg reports Vale SA (NYSE:VALE) said it won’t “carry a loss” from the potential sale of its fleet of the biggest commodity carriers.
Bloomberg reports Vale SA (NYSE:VALE) said it won’t “carry a loss” from the potential sale of its fleet of the biggest commodity carriers.
The market news is quoted as saying,
Vale started buying ships and ordering new ones in 2008 and 2009, seeking to control its freight costs and better manage iron-ore prices to compete with Australian suppliers to China, the biggest market for the commodity used in steelmaking.
Chinese ship owners are lobbying the government to stop Vale hauling ore on its own vessels, because it would allow the mining company to control the freight market, Zhang Shouguo, executive vice chairman of the China Shipowners Association, said in an interview in July.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.