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Vale completes sale of remaining 2 vessels for US$178M

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Vale completes sale of remaining 2 vessels for US$178M

Vale SA completed the sale of its last two remaining vessels, with 400,000-tonne capacities, for about US$178 million to the nominees of Bank of Communications Finance Leasing Co. Ltd.

The company said Dec. 7 that it has now sold all 19 of its very large ore carriers as it looks to focus on core assets.

Vale previously sold two vessels to the nominees of the same bank in August for the same price.