HMM

HMM–Vale $3.5bn Deal Locks Eight Newcastlemax Bulkers Into 25-Year Employment

HMM has secured a roughly $3.5bn long-term shipping contract with Vale covering eight 210,000-dwt Newcastlemax bulk carriers. The vessels will enter service from 2030 under 25-year employment, combining long-term iron-ore cargo backing with tri-fuel propulsion and wind-assisted technology.