VALE sent M/V Ore Timbopeba (200K DWT – built 1986) for demolition in Bangladesh

Brazilian miner VALE has sent the 200,000 DWT M/V Ore Timbopeba (built 1986) for disposal in Bangladesh. Around $267 per ldt is being placed on M/V Ore Timbopeba, which was sold with 1,000 tons on fuel on board. VALE has 18 other owned vessels in its fleet excluding Valemaxes. 35 Valemaxes, some of which have been sold in leaseback deals, could grow to 74.