As recently as September, by which time 18 Valemaxes had been delivered, the figure was around 6%.
Alphabulk expects this to increase to an average of between 10% and 12% through the second half of 2013 as the remainder of Vale’s leviathans hit the water.
Cargoes around globe
In September 2012, some 27.4 million tonnes of iron ore was exported from Brazil, of which 1.6
