Brazil's Vale signs charter deal with China's Shandong Shipping to build ethanol-powered ships

Vale

09/04/2026 16:39

RIO DE JANEIRO, April 9 (Reuters) - Brazilian miner Vale VALE3.SA has signed a 25-year charter deal with China's Shandong Shipping Corporation, which will build the world's first two transoceanic ethanol-powered vessels under the agreement, a Vale executive told Reuters on Wednesday.

 (Reporting by Marta Nogueira)

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