Vale to Launch Ethanol-Powered Bulk Carriers with Shandong Shipping
Brazilian mining giant Vale is advancing the use of ethanol as a marine fuel, partnering with China's Shandong Shipping to construct the first ocean-going vessels primarily powered by ethanol, as reported by Splash247. The agreement includes two 325,000 dwt Guaibamax bulkers set for delivery from 2029, with options for additional ships.