Rongsheng scorns VLOC talk

Chinese shipbuilder says a report that Vale has refused delivery of three very large ore carriers is “inaccurate and unfounded”.

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 Hong Kong-listed Rongsheng insists that the Vale Dongjiakou was handed over to Vale on 9 April.

The statement further clarified: “Vale Dalian, another VLOC mentioned by the report, is on sea trial and is also not docked in our wharf.

“The construction and delivery schedule of the remaining VLOCs is normal and under our plan, and none of them have missed the delivery schedule.

“Thus, we deny the report by Jinji Cankao Bao and which is inaccurate and unfounded.”

Vale’s VLOCs have been the source of controversy because China has yet to grant them access to its ports.

Rongsheng has a backlog of 15 VLOCs, of which 11 were booked by Vale and the other four by Oman Shipping.

J ust last week Rongsheng was forced to calm fears that an owner had cancelled a capesize newbuilding.

The shipbuilder's share price dipped by as much one tenth following the rumours.

But Rongsheng explained that the vessel had been sold to another company after the original buyer pulled out last November having paid a 45% deposit.

TradeWinds revealed earlier this month that Zodiac Maritime was the new taker.