Shanghai: A delegation led by Jiangsu provincial government has met with the senior management of Brazilian mining giant Vale to negotiate various cooperation possibilities, including establishing a shipping route between Lianyungang and Brazil and a spot exchange platform for iron ore.
During China’s president Xi Jinping’s visit in Brazil in July, Lianyungang port signed a strategic MOU with Vale-controlled Tubarao port to develop cooperation opportunities.
Two major state run shipping giants Cosco Group and China Merchants Group signed long term charter deals with Vale in September and October this year, which seemed to have cleared the barrier for Valemaxes to enter Chinese ports.
Lianyungang Port has been one of the most proactive ports to receive Vale’s VLOCs. A valemax vessel Vale Malaysia, docked at Lianyungang in April 2013, and currently Vale is the largest supplier of iron ore to Lianyungang Port. [25/11/14]
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