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  3. Stellar Banner refloated after more than three months
Stellar Banner refloated after more than three months

Stellar Banner refloated after more than three months

Giant very large ore carrier Stellar Banner, operated by Korean Polaris Shipping, was refloated after being grounded off the coast of Brazil for over three months.


The ship was allegedly being towed for inspection into deeper waters.

On 24 February 2020, the ship built in 2016 ran aground and developed a heavy starboard list. The ship was sustaining bow damage which led to its grounding.

The 20 crew members were evacuated from the vessel, and no injuries to the crew were reported.

Salvors proceeded with the unloading of the ship's cargo, which comprised approximately 295 kt of iron ore from Vale, allowing the ship to emerge from the water by 12 degrees from its list and some of its submerged decks.

Brazilian mining company Vale announced that it had supported the shipowner with technical-operational and preventive measures to remove the ship's fuel and cargo, and to prevent a major environmental catastrophe.

The company has revealed that it has spent nearly $ 1 million to support the Stellar Banner vessel's shipowner.

Vale is the first major player in the mining sector to commit to the goal of carbon neutrality by 2050.

The company has set a target of reducing carbon emissions by 33% in 10 years and will invest at least $2 billion in renewable energy projects, energy efficiency, and asset electrification.

With that aim, Vale is introducing pilot projects including an electrically driven locomotive, the use of biofuels in the pelletizing operations and the application of electrical equipment in underground mining.

Maritime Business World 

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