Very Large Ore Carrier Stellar Banner scuttled off Brazil

The 300,000 DWT Very Large Ore Carrier was scuttle Friday approximately 150km from Maranhão.
The vessel was refloated earlier this month following the removal of approximately 145,000 metric tons of iron ore from the vessel’s holds. Due to the condition of the ship, the decision was made to sink the vessel in deeper waters with any remaining iron ore on board. Authorities said they do not believe the remaining iron ore poses a threat to the marine environment.
The Marshall Islands-registered MV Stellar Banner ran aground approximately 100km from coast of São Luís on February 24, 2020, as it departed Vale’s Ponta da Madeira Maritime Terminal with more than 270,000 tonnes of iron ore bound for China. All 20 crew members were subsequently evacuated in good condition.
Very Large Ore Carrier is the largest classification of dry bulk ships in the world with ability to carry up to 400,000 tonnes of cargo.
Stellar Banner is owned and operated by South Korea’s Polaris shipping and is chartered to Brazilian mining giant Vale to transport iron ore from Brazil to China.
Soon after the grounding, Vale reported that, based on reports from Polaris Shipping, the vessel had suffered damage to its bow in the shipping channel as it departed the port and grounded to prevent it from sinking. Experts later determined from preliminary reports that the impacted portion of the Stellar Banner was of 25 meters in length near the starboard bow.
The salvage operation was led by the Dutch salvage SMIT Salvage with help from the Brazilian Navy.
Related News.
September 25, 2026
ISLAND OIL: Unveiling of the Sculpture “Cyprus’s Journey Through the Ages” in Protaras – A Tribute and Landmark to Cyprus’s Historical Memory and Cultural Heritage
In a modest ceremony marked by a moving atmosphere, the sculpture “Cyprus’s Journey Through the Ages”, created by acclaimed Cypriot sculptor…
September 25, 2026
World Maritime Day 2026 from Policy to Practice – powering Maritime Excellence
Global regulations will deliver safer, more resilient shipping when they are implemented worldwide. The international maritime community marks…
September 25, 2026
Diana Shipping announces Time Charter Contract for m/v DSI Polaris with Dai An Ocean Shipping
Diana Shipping , a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that, through a…
September 25, 2026
Chief Economists Expect Global Economy to Stabilize, but Fiscal Constraints, Rising Living Costs and AI Investment Uncertainty Threaten Growth
The global economy is stabilizing, but the fiscal support that cushioned successive shocks since 2020 is unlikely to play the same role in the year…
September 25, 2026
V. welcomes its new graduate cohort as programme expands across the group
Twelve graduates from nine nationalities join 11th year of V.’s expanded international management programme. V., the global ship manager and marine…
September 25, 2026
From Policy to Practice: Why Seafarers Are the Key to Maritime Excellence
The shipping industry is no stranger to regulation. Seafarers and ship operators work within a vast framework of international conventions, national…
September 25, 2026
Intermodal Report – Week 38 2026
Please find below the Intermodal market report for week 38 2026. Intermodal Report Week 38 2026 Market Insight By Nikos Tagoulis, Head of…
September 25, 2026
Allied – Weekly Market Review – Week 38
Please find below the Allied Weekly Report for Week 38 | 2026 ALLIED - Weekly Market Report- Week 38
September 25, 2026
Record year on the Northeast Passage but Arctic shipping remains very limited
In 2025, a record 103 transit voyages were made via the Northeast Passage. However, this is still equivalent to only around a day and a half of…
September 25, 2026
[xclusiv] S&P Report 21th September 2026
Please find below the [xclusiv] latest Weekly S&P Report [xclusiv] 2026_09_21 Market Commentary: VLCCs: Freight Boom Reprices the Fleet The VLCC…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved























