Vale has concluded a sale involving four very large ore carriers (VLOCs) to a consortium led by ICBC Financial Leasing for $423 million.
The vessels have already been delivered, the Brazilian miner said on Wednesday December 9.
ICBC Financial Leasing is wholly owned by the Industrial & Commercial Bank of China (ICBC)
Vale had in May sold four VLOCs to China Ocean Shipping and in July another four such vessels to China Merchants Energy Shipping.
In May, Vale signed a memorandum of understanding with the ICBC for access to up to $4 billion of financing arrangements.
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