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China Rongsheng Heavy Industries delivers the twelfth 380,000 dwt class VLOC

China Rongsheng Heavy Industries Group Holdings Limited, a large heavy industries group in China, announces the delivery of its 380,000 DWT class Very Large Ore Carrier (“VLOC”) “VALE LIANYUNGANG” to Vale S.A. (“Vale”) recently, the company said in its press release. The vessel is the twelfth 380,000 DWT class VLOC delivered by the Group since its inception, and is the Group’s fifth delivery of VLOCs this year. Vale is an important strategic partner of China Rongsheng Heavy Industries. The Group has formed a close and seamless partnership with Vale, and the Brazilian mining giant is a reputable firm with a strong track record in risk management. Among the 16 380,000 DWT class VLOCs orders secured by the Group, all 4 VLOCs orders from Oman Shipping Company S.A.O.C. have already been delivered. Only 4 more 380,000 DWT class VLOCs are still pending deliveries. The 380,000 DWT class VLOC built by China Rongsheng measures 360 meters in length, 65 meters in breadth and 30.4 meters in depth, and is currently the world’s largest VLOC.