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Reuters reported Vale (SAO:VALE5) has docked one of its giant iron ore vessels in China for the first time.
Reuters reported Vale (SAO:VALE5) has docked one of its giant iron ore vessels in China for the first time.
As quoted in the market news:
The 388,000-deadweight-tonne Berge Everest began unloading Wednesday at China’s Port of Dalian. Vale has ordered 35 megacarriers at an estimated cost of $4.2 billion from Chinese and Korean shipyards. The world’s second largest miner has been trying all year to get Chinese authorities to allow the megaships to enter that country’s ports.
