Vale Docks First Giant Iron Ore Ship in China

- December 28th, 2011

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.

Click here to read the full Reuters report.

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