Large newbuilding announcements are often interpreted as exogenous supply shocks, raising concerns about oversupply and pressure on freight rates. Vale’s plan to order 30 VLOCs has prompted similar reactions. However, when assessed using economic concepts such as effective supply, these orders appear far less disruptive than headline figures imply. The economics behind Vale’s fleet strategy ...<p><p>https://www.hellenicshippingnews.com/vale-set-to-re-enter-shipping-with-a-bang-plans-to-order-30-large-ore-carriers/</p></p>