Bloomberg News

Vale Iron-Ore Ship Damaged in Initial Loading Heads for Oman

March 05, 2012

Vale SA (VALE3)’s Vale Beijing, the iron-ore ship damaged while loading its first cargo off the coast of Brazil, is heading for Oman, ship-tracking data compiled by Bloomberg show.

The vessel, operated for Vale by Seoul-based STX Pan Ocean Co. (028670), is 20.6 meters (67.6 feet) deep in the water out of a maximum draft of 23.02 meters, indicating it loaded cargo, according to the data. Vale, located in Rio de Janeiro, is the world’s biggest producer of iron ore, a steelmaking raw material.

To contact the reporter on this story: Alaric Nightingale in London at anightingal1@bloomberg.net

To contact the editor responsible for this story: Stuart Wallace at swallace6@bloomberg.net


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