Shandong shipbuilder delivers huge ore carrier

Shandong-based Qingdao Beihai Shipbuilding Heavy Industry Co, a subsidiary of Wuchang Shipbuilding Industry Group Co, delivered a very large ore carrier, or VLOC, to its client on Thursday.

The ship, named Ore Tianjin, has 400,000 metric tons' carrying capacity and is the first VLOC the group has made for Industrial and Commercial Bank of China Leasing. Aiming to reduce the shipping cost by increasing capacity and enhance the operator's global competitive edge, the ship has a loading capacity equivalent to 6,666 regular freight train cabins.

It is designed for Brazilian miner Vale SA to conduct tasks on the route between China and Brazil, the company said in a statement.