Introducing to you the “VALEMAX” Vessels

Dear PGM-Capital, blog reader, Brazilian Iron Ore miner, “Vale SA” (NYSE: VALE) which is by volume world biggest Iron ore miner, in 2008 concluded that in order for it maximize profit, it need to own and operate its own fleet of “Very Large Ore Carriers” (VLOC). Due to this In 2008 the company, placed orders[…]