An Ideal Investment Opportunity
Prior to the 2012 investment, shipping iron ore from the Amazon and Orinoco River was carried out in medium size vessels due to the draft restrictions within the rivers.
It took 4 of these ships over 75 days to supply 1 shipping order to China, racking up Oldendorff Carriers’s fuel costs and carbon emissions. Large ships holding more cargo would make the transport of material more efficient.
The company needed a base close to Brazil or Venezuela where they could transfer ore from smaller ships into larger vessels for the long voyages to China and the Middle East. Trinidad's Gulf of Paria provided deep water anchorage for the large draft ships and calm, protected marine space.