Vale’s Megaships May Berth in China Soon

2012-04-10


It is reported that the issue of Vale’s 400,000-DWT ships to berth in China is likely to be solved in near future.

According to the quote of authorities by Economy Information, as for the “berthing of Vale’s megaships at Chinese ports”, the attitudes of relevant departments have been changed.

Vale’s CFO Tito Martins stated recently that, China will “cancel the ban”on its megaships, and allow Vale’s 400,000-DWT bulk cargo carriers to load in Chinese ports in a few months.

It is also reported that, as for the “berthing of Vale’s megaships at Chinese ports”, Chinese shipping and steel industries have proposed objections for many times. 

Source from : Economy Information

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