China Rongsheng Heavy Industries has scotched rumours that Vale has delayed taking delivery of its VLOC newbuildings.

 A report by Chinese news agency Xinhua claimed that three of the 400,000-dwt bulk carriers were lying idle at Rongsheng’s wharf because the Brazilian mining giant had refused to take them “for several reason”.

Journalist Jinji Cankao Bao said that the Vale Dongjiakou, Vale Dalian and Vale Hebei had all failed to join the Vale China which was delivered to the Brazilian company last year.

But