Vale still upbeat on China giving Valemax nod

Jun 10, 2013 | 12:27 PM |

Tags  Vale, VLOC, Valemax vessels, iron ore, iron ore carrier, Fidel Bianco, Chinese ports

MUNICH — Brazilian miner Vale SA remains optimistic about the likelihood of China accepting its Valemax vessels despite setbacks, a company executive said June 10.

Vale is the world’s largest seaborne iron ore producer and has been actively promoting its plans for the use of very large ore carriers (VLOCs). However, it hasn’t received approval from the Chinese government to dock a fully loaded Valemax in China.....





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