Analysts at the Norwegian finance house calculate the vessels to be booked by Cosco and China Merchants will add 2% to 2017 capesize fleet growth.
TradeWinds reported in mid-September Vale was ready to place the 20 ships to add to the 35 Valemaxes in the works and potentially allow the erstwhile white elephants to enter China.
Cosco and China Merchants have since confirmed the separate deals but have yet to nominate shipyards.
