Cosco-Vale deal to end giant ore carrier ban
Beijing’s ban on Vale’s giant ore carriers has been practically lifted after China Cosco Holdings’ landmark deal with the Brazilian miner last Friday over a 25-year freight contract that involves 14 of the massive ships known as Valemax vessels, a person familiar with the matter said.
Read more at: http://www.scmp.com/business/china-business/article/1593491/cosco-vale-deal-end-giant-ore-carrier-ban
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