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To: elmatador who wrote (66849)	10/5/2010 11:57:29 PM
From: energyplay	Respond to of 217791

It sounds like these ships will fit the New Panamax size class, and will fit through the enlarged Panama Canal which opens in 2014. en.wikipedia.org Note 366 meter max length for new locks and 360 meter length of Vale's new ships. When the new locks open, there will be many existing ships which will be displaced by the more efficient large ships. The larger ships will probably have a slightly higher speed because of there additional length. This will free up ships for TJs coal importing business ;-) Even bigger ships would not go through thru the canal, which makes their economics worse.

To: elmatador who wrote (66849)	10/6/2010 2:27:36 AM
From: Snowshoe	Read Replies (1) \| Respond to of 217791

It's a lot of bother and expense to ship huge volumes of coal and iron ore to China, when the actual goal is to get smaller volumes of iron. Kobe Steel's new ITmk3 process could disrupt the existing paradigm by making it easier to process ore near the source... First commercial ITmk3 plant begins production steel-grips.com First production of iron nuggets

To: elmatador who wrote (66849)	11/23/2011 3:37:46 PM
From: Snowshoe	Read Replies (1) \| Respond to of 217791

Over-capacity... China Shunning Ships Shows $2.3 Billion Vale Mistake: Freight businessweek.com Nov. 23 (Bloomberg) -- The Vale Brasil, the biggest commodity ship ever built, was designed to carry iron ore to China from South America. After six months in operation, it hasn’t done that once. China’s refusal to accept the Brasil has derailed Vale SA’s push to control shipments to its biggest customer by building up a fleet of 35 ships, each almost as large as the Bank of America Tower in New York. Rio de Janeiro-based Vale, the world’s biggest iron ore miner, ships about 45 percent of sales to China, the largest consumer of the steelmaking ingredient.