Vale in Talks to Engage Chinese Shipping Companies for VLOCs
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Vale SA, the world’s biggest exporter of iron ore, said it has been in talks to engage Chinese shipping companies to haul the steelmaking material to China on its very large ore carriers under long-term contracts.
The Brazilian company has held discussions with many Chinese shipowners and expects to sign some deals, Vale’s China President Luiz Meriz, said in an interview in Jinan, Shandong province, today, without giving a timeline.