Dalian: Qingdao Port, the world's seventh-largest port, is in preliminary talks with Brazil-based miner Vale S.A. to develop a shipping berth for 400,000-ton iron-ore carriers, sources reported, citing Chang Dechuan, chairman of Qingdao Port Group, as saying.
Qingdao Port, the second-largest foreign trade port in China, is shifting its strategy to concentrate more on the import business. The port may reduce its investment in more export-oriented container business and focus on more profitable iron ore and oil imports, said Chang. [10/03/10]
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