[SMM Iron & Steel] Vale Orders Ethanol-Powered Bulk Carriers for Decarbonization

Published: Apr 14, 2026 14:55

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Brazilian mining giant Vale has officially ordered its first fleet of ethanol-powered ocean-going bulk carriers from Shandong Shipping to service its international iron ore trade. This landmark order is a crucial component of Vale's strategy to decarbonize its maritime supply chain and reduce scope 3 emissions associated with shipping raw materials to global steelmakers. The introduction of alternative fuels in maritime logistics is expected to significantly impact long-term freight costs in the seaborne iron ore market.

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