The company owns and operates a fleet of 29 dry bulk carriers that transport a wide range of commodities, including coal, iron ore, grains, bauxite, phosphate, fertilizers and steel products.

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The future for the other type of cargo ship bulk carriers, which transport coal, iron ore, grain and so forth is less rosy.

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Freight business includes transport of bulk mineral commodities, including iron ore, agricultural products, mining and industrial inputs and general freight throughout Queensland and Western Australia.

FORBES: Aurizon Holdings

Irish Customs officers also recovered 40, 000 litres of fuel, along with 16 Intermediate bulk containers, which are used to transport and store liquids, and each containing 1, 000 litres of toxic waste, from the site at Dromore, Castleblayney.

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Chinese restaurateurs say that such imports are small-scale, and that it is simply not economical to transport ingredients across the globe in bulk.

ECONOMIST: Sacrificial spare-ribs

China's shipping industry has lobbied against such ships, fearing they may strengthen Vale's dominance on the dry-bulk market and China's Ministry of Transport has restricted their access to its ports.

WSJ: Global Shipping Faces More Choppy Waters

The bulk of the money will come from the Department for Transport (DfT) in the new financial year.

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