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Dry Bulk Shipbuilding Political Risk and Trade

China Merchants unit signs for six VLOCs in $2.8bn Simandou shipping deal

  • CMES secured a $2.8bn, 25-year contract to deploy six VLOCs on Guinea’s Simandou iron ore project
  • Simandou’s output is rising rapidly but unlikely to fully offset a decline in iron ore exports elsewhere
  • Softer iron ore demand could weigh on capesize earnings by reducing tonne-mile demand

  • News

Six VLOCs will serve under a 25-year transportation agreement as China Merchants deepens involvement in Guinean iron ore project

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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