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HomeMaritime NewsRegionsAsiaVale mulls setting up iron ore distribution centre in China

Vale mulls setting up iron ore distribution centre in China

Vale mulls setting up iron ore distribution centre in China
Zhanjiang: Following on from news last week that China may allow valemaxes into Chinese ports, Vale said it is considering setting up an iron ore distribution centre in the southern Chinese port of Zhanjiang where Baosteel is building a 10m tonne-per-year steel project due to be completed by 2015, according to wire reports.

Baosteel and Zhanjiang port reportedly signed a memorandum of understanding with Vale in early December during a visit to Vale's headquarters in Brazil.

“This is just a very initial idea. The distribution centre, if built, can meet demand from small clients which may not be able to buy a whole cargo of iron ore but can buy a small volume,” a source was quoted as saying.

TAGS: dry bulk shipping China
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