HMM Signs $3.5 Billion Long-Term Ore Transport Contract With Vale
Vale will supply ore transport under HMM’s $3.5 billion, 25-year charter program starting in 2030, using Newcastlemax bulk carriers delivered from 2030. The ships will be tri-fuel and LNG/ammonia-ready with Rotor Sail systems to cut fuel use. Separately, Vale agreed with ABB to automate and digitise mining and processing in Brazil using AI.