Shipping and Logistics

March 10, 2018
Ships, Trucks and Railroads—Logistics Report for March
Written by Sandy Williams
Shipping in the freight market was significantly better in the first quarter than it was during the same period last year, said MID-SHIP Group in its March 8 report. New ships are on order that will not hit the market until the end of 2109 or 2020 and for now the freight market remains bullish.
Vale’s second-generation Valemax vessel loaded its first cargo of iron ore in Brazil’s Tubarao port last week. The huge ships were developed by Vale and can hold 400,000 metric tons of ore. Thirty-one additional second generation vessels are under construction and will be delivered by the end of 2019.


