The grounded Polaris Shipping VLOC Stellar Banner has been refloated off Brazil.
The Brazilian navy said the operation carried out by salvors Smit and Ardent was completed on Wednesday.
After refloating by tugs, the giant 301,000-dwt bulker (built 2016) was towed to an area of deeper waters, about 60 miles from the coast of Maranhao.
Inspections will be carried out there using a remotely operated underwater vehicle.
The result will determine the final destination of the ship, the navy said.
A patrol ship is monitoring the site for pollution.
"The agencies and companies involved continue to make maximum efforts..., aiming to solve the situation as soon as possible, and always complying with the rules and legislation in force, giving priority to safeguarding human life at sea, protecting the environment and safety of navigation," the navy added.
The vessel went aground off Vale's Ponta de Madeira terminal in February.
It had requested assistance after finding water in its cargo holds.
As a preventative measure, the 20 crew members were safely evacuated and the master grounded the vessel nearly 100km off the coast.
Stellar Banner is classed by the Korean Register of Shipping and has insurance coverage from Britannia P&I.
The incident marked the biggest casualty for the Seoul company since the March 2017 sinking of the 266,000-dwt Stellar Daisy (built 1993). That accident led to the loss of 22 of 24 crew members.
