By continuing to use this site, you agree to our use of cookies. [57] The unfinished vessel was completed by the Chinese shipyard Shanhaiguan Shipbuilding and named Sea Ponta da Madeira. The ships reportedly received additional strengthening due to the Vale Beijing incident. They are very large and ultra large cargo vessels with a capacity over 150,000 DWT. 35 Valemaxes over 25 years vs Capesize . [149], As a precaution against prolonged ban of Valemax vessels from the Chinese ports, Vale started constructing both land- and offshore-based transshipment hubs where iron ore can be loaded to smaller ships for final delivery. Other lists are required for even bigger Valemax … Although similar in size, there are some differences in main dimensions, cargo capacity, machinery and external appearance between the Valemax ships built in South Korea, China and Japan. Additionally, a number of Valemax vessels have been renamed by replacing Vale with Ore or Sea but retaining the second part of the name. [36], Vale Brasil was followed by Vale Rio de Janeiro on 22 September 2011,[39] Vale Italia on 25 October 2011,[40] Vale Malaysia on 27 March 2012,[41] Vale Carajas on 29 May 2012,[42] and Vale Minas Gerais on 13 July 2012. TweetShare135SharePin4139 Shares Everyone is astounded by the enormous ship sizes. [43] The last Valemax ship to be built by DSME, Vale Korea, was delivered on 9 April 2013. Valemax ships are 360 to 362 metres (1,181 to 1,188 ft) long,[1][129] making them some of the longest ships currently in service. The Chinese shipbuilder's ability to deliver any of the very large ore carriers ordered by Vale in time was doubted already before the first ship was built. [140] They are still far from the largest ship ever constructed — Seawise Giant (labeled as the Knock Nevis in the adjacent image), built in 1979 and broken up in 2009, was 458.46 metres (1,504.1 ft) long and had a deadweight tonnage of 564,650 tons[141] — and also considerably longer than the longest ship currently in service, the 400-metre (1,312 ft) container ship Barzan. [100] Later that month, a 25-year freight contract was signed between Vale and China Merchants Group. The vessel, operated by STX Pan Ocean, was fully laden with 390,000 tons of iron ore bound for Vale's transhipment hub in Subic Bay. [89] A second transshipment vessel, Ore Sossego, entered service in 2013. [6][32][33], In April 2012, it was reported that Vale had refused delivery for three Valemax ships recently completed by Jiangsu Rongsheng Heavy Industries. For commercial purposes, most bulk carriers are grouped into four major categories: Handysize, Handymax, Panamax, and Capesize… However, the vessel was never finished and instead was listed as "for sale" in an unfinished state. The shipping company, STX Pan Ocean, signed a 25-year contract with Vale in 2009. [4][5], The first Chinese-built Valemax vessel, Vale China, was launched at the Nantong shipyard on 9 July 2011 and delivered on 25 November 2011. Supply likely to under perform, steep cost … [53] While both of the two remaining ships were supposed to be delivered by the end of 2013, only Vale Maranhao entered service on 29 August. These vessels have 2.3 times the capacity of Vale's … [98] Although Vale was expected to suffer financial losses from selling the ships, they would have been covered by the profit from iron ore sales even at depressed ore prices if only one or two full shipments could be unloaded in Chinese ports. Fuel reduction saves 97.23 TWh, which is equivalent to Malaysia’s one year energy consumption! After unloading at Sohar, the ship headed to South Korea for dry docking and arrived at STX shipyard in Jinhae, where it was delivered in September 2011, for inspection and repairs on 21 April 2012. With a capacity ranging from 380,000 to 400,000 tons deadweight, the vessels meet the Chinamax standard of ship measurements for limits on draft and beam. They also emit 35% less CO2 per ton of … [96] The ban was officially lifted in July 2015. [85] The breadth of the Valemax ships is about 65 metres (213 ft). The new Valemax ships, expected to cut the company's transportation costs by 20–25%,[143] were blamed for driving down the freight rates for the entire industry, swelling the already oversupplied bulk transportation market and stalling the recovery of the shipping business after the financial crisis. Although another vessel was expected to take delivery later that year, only one ship was delivered. [37] Further three ships were ordered from DSME in July 2010, bringing the total order to seven 400,000-ton Valemax vessels. The Valemax System The Valemax ships are Vale's ultra-large vessels, which have a capacity of 400,000 dead weight tons (dwt). Valemax is the safest and most suitable vessel to carry ore ! [126] Similarly, when four Valemax vessels were sold to China Ore Shipping, the vessels were given names beginning with Yuan and ending with Hai. [101] Following these agreements, China's ban for Valemax vessels has been effectively lifted and fully laden ships have called Chinese ports. [153], Luiz Inácio Lula da Silva, the former president of Brazil, also publicly criticized Vale's former CEO Roger Agnelli for the decision of ordering ships from Asian shipyards instead of building them in Brazil, where Lula da Silva has been trying to revitalize the shipbuilding industry to create more jobs and increase local demand for steel and other products. [61] The remaining ship, Berge Neblina, was initially also scheduled to be delivered in 2012, but entered service on 4 January 2013. Valemaxes can move up to 360,000 tons of cargo. 80% of the world’s iron ore is borne by so-called Capesize vessels which can only carry a third of the cargo of a Valemax. With the completion of the Panama Canal expansion project in 2016, this list will need to be significantly revised due to larger "post panamax" ships transiting Panama. Capesize The Vale disaster weighed heavily on the market for big ships, with uncertainty about shipments/future exports leading to a sharp drop in rates. Furthermore, later reports claimed that the ships ordered by Vale had a capacity of only 380,000 tons even though according to the Det Norske Veritas database entries all Chinese-built ships have a deadweight tonnage in excess of 400,000 tons and in the past Vale has referred to the ships ordered from Rongsheng as "400,000-ton" vessels. [22] Initially the ships were to be named Jazer, Yanqul, Al Kamil and Wafi,[23] but instead they will be named Vale Liwa, Vale Sohar, Vale Shinas and Vale Saham. [33][47], The first STX-built Valemax vessel, Vale Beijing, was delivered by STX Jinhae on 27 September 2011. Capesize. They are much bigger than Panamax and Suezmax vessels both in terms of draught size and DWT, and so they are categorized under VLCC, ULCC and bulk carriers. While there were no injuries among the crews or the terminal personnel, the ships suffered structural damage and were subsequently moved to an anchorage area outside of the port for inspection.[124][125]. The first Valemax vessel, Vale Brasil, was delivered in 2011. [121] The ban was officially lifted in July 2015 as China's transport ministry and National Development and Reform Commission announced that four ports would be opened up for 400,000-ton vessels. However, none of the original 35 Valemax vessels retains its original name. Perhaps searching will help. [35], On 26 October 2009,[36] Vale ordered four Valemax vessels from the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) for $460 million. China: RSHI Launches World’s Most Advanced VLOC for Iron Ore Supplier Vale, CHIA RONG : China Rongsheng Heavy Industries' 400,000 DWT Vloc Named and Launched – Lowers Cost for Vale and Forges Long-Term Cooperation, First Vlocs to be Delivered Soon, Vale gets 1st China-built mega iron ore carrier, market shudders, With China shut, Vale iron-ore ships head to Philippines, Sultanate and Brazil, Agreement to Lease four ships for Steel Ore, Jiangsu Rongsheng Signs US$483 Newbuild VLOC Deal With Oman Shipping, RSHI’s 400,000 DWT VLOC Began Construction, China: Rongsheng Heavy Launches VLOC VALE SOHAR Built for OSC, Delivery doubts plague Vale’s VLOC newbuilds programme, Rongsheng May Deliver Two Large Ore Ships in 2011, Six Fewer Than Planned, CH RONGSHENG (01101) 2011 delivery target: 2–3 vessels to VALE COMMON-DRS, Vale iron-ore ship built in Korea is smaller than first planned, ME-Engine Firmly Established in Brazilian Market, STX Pan Ocean in pact with Vale to ship iron ore, Delivering World’s Largest VLOC and Best-performing Drillship in A Row, Unfinished STX Dalian valemax sells for just $16.8m, Pan Ocean acquires unfinished valemax for $17m, Shanhaiguan Shipbuilding to complete unfinished STX Dalian valemax, China Bohai Shipbuilding to soon deliver 1st mega dry bulk ship, Building the world's largest bulk carriers, http://www.lloydslist.com/ll/sector/dry-cargo/article386077.ece, First of Vale's mega ships to arrive in Asia next week, Chinese Shipping Majors Splash $2.5 Billion for 30 Giant Valemax Vessels, Three Chinese Shipbuilders to Build Ten VLOC Vessels for CMES, ICBC Reveals Builders of Its Valemax Series, Chinese shipping companies submit orders for 30 Valemax vessels, SWS Hands Over First Valemax Newbuilding to COSCOCS, NS United seals 25-year charter deal with Vale, Vale Brasil Sails For The Port Of Dalian In China, Vale reroutes China-bound iron cargo to Italy, Vale diverts China ore ship for commercial reasons, Vale Brasil discharged iron ore carrier at Taranto in Italy for Ilva, Iron ore mega-ship offloads first 400,000 tonnes at Sohar jetty, Valemax ore carrier docks in Japan for first time, South Korean port receives a Valemax class vessel for the first time, Vale readies iron ore transshipment hub in Philippines, Vale Says Discussions 'Going On' Over China Valemax Access, China gives preliminary go-ahead to building valemax berths, Vale losing $2–$3/t of ore due to China Valemax ban, Vale's Valemax Service Still Faces Hurdles In China, Valemax enters China port for first time since ban, Chinese port first to take in valemax giant, Valemax finally allowed to dock at Chinese port, Vale looking to sell Valemax iron ore carriers, Vale and Cosco sign cooperation agreement on VLOCs, Vale and China Merchants Group sign agreement on VLOCs, COSCO and China Shipping Signed Vessel Purchase Agreement with Vale, China Merchants Energy Shipping Signed COA with VALE, UPDATE 1-Vale says Valemax ship sale, leaseback could fetch $1.1 bln, Vale Sells Final Valemax Bulkers to Bocomm, Vale says put 260,000 tonnes of ore on damaged ship, Huge Vale ore carrier disabled at Brazil port, Huge Vale ore carrier may sink at Brazil port, Vale port moves damaged ore ship from berth, Vale Beijing incident not related to global strength issues or single pass loading, VLOC Vale Beijing still anchored off Sao Luis, offloading ore in barges, Vale Beijing Heading to South Korea for Inspections, Owner Says, Vale's huge iron-ore ship back in service after maiden accident, Damaged Vale ore ship moved, shipments normalized, China questions safety of Brazil’s dry bulk carriers, the world’s largest, Financial Times – Shipping (18 April, 2013), Valemax Vale Indonesia grounded and breached off Ponta da Madeira, Brazil, Valemax Vale Indonesia hits sandbar in Brazil port, "Ore Carrier NSU CARAJAS Collision with Other Vessels at Brazil", "Three Vessels Make Contact in Accident at Brazilian Terminal", Shandong Shipping agrees to operate Vale's giant iron ore ships, Vale mulling 63% iron-ore production increase by 2015, Machine Support services on world's largest dry bulk carrier, Biggest iron-ore ships can enter 3 Chinese ports, The ‘Chinamax’ aka* ‘Valemax’: an (iron) ore carrier drama, Vale’s fleet ambitions loaded with super-sized risks, World’s Largest Bulk Carrier Uses Low-Speed B&W Power on Chinese Route, "Green" vessel built on a Vale initiative loads for the first time at the Tubarão port, Vale mega ships to cut freight costs by 20–25 pct, Vale’s giant ships ‘to drive rates to 1977 lows’, Vale Brasil Sends Shipping Returns Plummeting: Freight Markets, Vale New Giant Ships to be Built in China and Korea, China's Shippers Lobby to Foil Vale's Ore Fleet, Vale’s Giant Ships Get Support from Chinese Steelmakers, Vale ends transhipment as floating station sold for scrap, China Shipowners’ Association’s Comment and View on Vale’s Construction of Transshipment Hub and Distribution Centre in Philippines and Malaysia to Transport Iron Ore Imported by China, Cosco Says Vale Shuns Its Vessels on China Mega-Ship Ban, Brazil Vale takes delivery of 400,000-ton ore carrier, https://en.wikipedia.org/w/index.php?title=Valemax&oldid=993991747, Ships built by Daewoo Shipbuilding & Marine Engineering, Pages with non-numeric formatnum arguments, Articles containing potentially dated statements from 2020, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License, This page was last edited on 13 December 2020, at 16:12. [103] Additional four Valemax vessels were given names starting with Pacific after Vale sold the ships to China Merchants Energy Shipping.[104]. The Valemax System. [26][27][28] The ships built for Oman Shipping Company were later removed from the Det Norske Veritas registry and moved to other classification societies such as American Bureau of Shipping and Lloyd's Register. [106], On 5 December 2011 it was reported that Vale Beijing, operated by STX Pan Ocean, had suffered structural damage during her first cargo loading and was in danger of sinking at the port of Ponta da Madeira in Brazil due to sea water entering ruptured ballast tanks and cargo holds. In March 2016, it was reported that the last of the original 35 Valemax vessels to be built had been sold for just $16.8 million. Cosco Group, China Merchants Group and ICBC Financial Leasing place orders The Vale Beijing at anchor in Sao Marcos bay, near the northern Brazilian city of Sao Luis. As a result, they need to go around the southern tip of Africa (Cape of Good Hope) or South America (Cape Horn). All Valemax vessels, with the exception of those owned and operated by Berge Bulk, were initially given names consisting of the word Vale and a place name, either one related to the mining operations of Vale S.A. in Brazil or a potential destination for the new iron ore carriers. A further 6 Valemax, 46 VLOCs, 17 standard Capsizes, and 2 baby Capes are slated to be delivered in 2019. On 2 November 2008, Oman Shipping Company signed a framework agreement with RSHI for the construction of four 400,000-ton vessels to transport iron ore from Brazil to the Port of Sohar in Oman, where Vale is expected to open a steel plant in near future. [38] Despite receiving the order later than the Chinese shipyard, DSME launched the first Valemax class ore carrier, Vale Brasil, on 31 December 2010 and delivered the ship to Vale in March 2011. They are twice as big as Capesize vessels, the biggest mass-production dry-bulk ships, which move around 180,000 tons. Two ballast tanks were reportedly breached, but there were no injuries or pollution, and the vessel was not in danger of sinking. [147] However, Vale has also received support from the Chinese steel companies as they would benefit from lower transportation costs. [84] However, in April 2013, The China Shipping Association confirmed that the first Valemax vessel was allowed to dock in the Chinese port of Lianyungang in the Jiangsu province. Capesize … [154], China Ocean Shipping (Group) Company (COSCO), Ministry of Commerce of the People's Republic of China, Shanghai Merchant Ship Design & Research Institute, DSME delivering Vale Brasil, the world's largest ore carrier, China Set to Deliver Two Mega-ships to Vale. Initially, all 35 ships of the first series were expected to be in service by 2013, but the last ship was not delivered until September 2016. 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