Qingdao Port inks port agreement with Vale

Dalian: Qingdao Port has signed an agreement with Brazilian miner Vale to establish a sister-port relationship with Vale’s Ponta da Madeira Port, paving the way for increasing iron ore trading volumes between the two ports.

Vale is also in negotiations with Lianyungang Port to seek cooperation opportunities.

Under the agreement, Ponta da Madeira Port and Qingdao Port will further strengthen their cooperation to exchange information, best practices and studies in relation to trade vitalization and the promotion of shipping routes between Brazil and China.

Ponta da Madeira is mainly used to export iron ore, and also handles manganese ore, copper concentrate and pig iron produced by Vale. In 2013, Ponta da Madeira handled 105.6m tons of iron ore.

Qingdao Port is also an important distribution centre for iron ore, handling over 100m tons of inbound iron ore annually. [11/12/14]

 

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Lianyungang Port in negotiations with Vale
 

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