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Ore giants for CVRD

Brazilian mining giant Companhia Vale do Rio Doce (CVRD), is building the world’s largest ore carriers to carry iron ore to China as the latter’s insatiable demand has pushed freight rates through the roof.
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The company has ordered four ships of 388,000 dwt through Norway’s Bergesen Worldwide from China’s Bohai Shipyard. Classed by DNV, the first ship will be delivered in 2011 and consume about 30% less fuel per tonne carried.

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