Polaris buys four dry bulkers from Vale
Published by Jonathan Rowland,
Editor
Dry Bulk,
Brazilian mining giant, Vale, has concluded the sale of four capsize vessels to South Korean dry bulk shipping company, Polaris Shipping.
The deal is valued at US$140 million – equivalent to US$35 million per vessel. Vale will receive payment on delivery of each vessel.
Vale has delivered on vessel already with the remaining vessels are expected to be delivered in December 2016 and in January 2017.
“The transaction is consistent with Vale’s strategy of strengthening the balance sheet and focusing on core assets,” Vale said in a statement.
Read the article online at: https://www.drybulkmagazine.com/shipping/08122016/polaris-buys-four-dry-bulkers-from-vale/
You might also like
Liebherr delivers electric-powered FCC 280 to Paraguay´s leading terminal
Liebherr’s engineering adaptability enables Puerto Seguro Fluvial to optimise container handling while maintaining capacity for heavy-load operations, reinforcing the terminal’s role as a strategic gateway for South American trade.