Ethanol enters ore trades as Vale signs for Shandong VLOC newbuilds

Brazilian mining giant Vale is pushing ahead with ethanol as a marine fuel, agreeing with China’s Shandong Shipping to build what it said will be the first ocean-going vessels powered primarily by ethanol. The deal covers two 325,000 dwt Guaibamax bulkers under 25-year contracts, with deliveries from 2029 and options for further ships. The vessels …

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