Independent journal on economy and transport policy
07:53 GMT+2
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It is worth sells eight Very Large Hours Carrier to Chineses COSCO Bulk and CMES
EXIM Bank lowers will grant financings until 1,2 billion dollars is to COSCO that to Is worth
May 20, 2015
In the within of the visit of the Chinese prime Minister Them Keqiang in Brazil, yesterday the representatives of the Chinese financial institution Lowers EXIM Bank, of the Chinese shipowning group Lowers Ocean Shipping (Group) Co. (COSCO) and of the Brazilian mining group Is worth has signed two memorandum of understanding based on which , deep that they will be used in order to on behalf realize services of marine mineral transport iron of Vale.
Meanwhile It is worth has concluded the sale of four ships to mineraliere of 400.000 gross capacities in tons to the company Lowers COSCO Bulk Shipping (Group) Co. of group COSCO for a total value of 445 million dollars. The four Very Large Hours Carrier (VLOC), constructed between 2013 and 2014, will be delivered to the Chinese company at the beginning of the next month.
Moreover It is worth has signed an agreement in order to sell other four VLOC to China Merchants Energy Shipping Co. (CMES) of the group Lowers Merchants Group.
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