Market News
Brazil's Vale starts first full cargo of iron ore delivery through biofuel bulk vessel
Brazil's Vale announced that it had cooperated with Oldendorff Carriers, one of the world's largest dry bulk shipping companies, to start the first full cargo of iron ore delivery through a biofuel bulk vessel from Brazil to Asia.

The biofuel voyage adapted B24 biofuel, which is a blend of about 24% biodiesel produced with used cooking oil of vegetable origin and fuel oil. It was expected to save CO2 emissions by around 18% and reduce Vale's Scope 3 emissions.