Vale to Sell 11 Giant Valemax Carriers : Shipping news!
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Azimuth Lines Inc. - Total Logistics Solutions

Welcome to Azimuth Lines:  We are a FMC licensed OTI / Freight Forwarder based in New Jersey close to the port of New York on the eastern seaboard of the US.  If you are looking for high quality and personal service, you have come to the right place.  We handle commercial shipments for our clients, both by sea and air from the US to all parts of the world and back.  We also offer international moving, corporate and individual relocation services from the US to all parts of the world.  Our professional staff and global network of international agents are fully equipped to handle all your shipping needs.

Why choose us:  At Azimuth Lines, we are committed to make your shipping experience as smooth and efficient as possible.  We recognize that each of your needs are unique and strive to provide you with tailor made solutions to meet all of your logistical needs.  We have established contracts with major steamship lines and are able to offer you a choice of carrier options as well as competitive rates, weekly services and fast transit times.

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Freight Forwarding (both by Air & Sea)
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FMC Registration # 023964NF

Vale to Sell 11 Giant Valemax Carriers

by Azimuth Support Team on 12/22/15

Brazil’s Vale SA said on Friday that it plans to sell its 11 remaining 380 to 400,000 Ton Deadweight Valemax iron ore carriers for about $110 million each and lease them back in transactions that could raise $1.1 billion.

  This is part of the cost cutting that has become an urgent matter for Vale as iron ore fell below $40 per ton for the first time since spot-market pricing was implemented for major customers in 2008.

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