Vale and Liaoning Port Group deepen cooperationVale and Liaoning Port Group deepen cooperation

Liaoning Port Group and Vale will expand cooperation of blend iron ore distribution and sales, especially to enhance distribution in northeast Asia market.

In addition, the two parties will jointly promote regional block-chain project via “Silkroad cloud chain” platform developed by China Merchants Group, stakeholder of Liaoning Port.

“Signing of the MoU will improve our value-added services and high quality iron ore products to northeast China, circum-Bohai-Sea and northeast Asia,” said Xie Xue, President Vale China. 

“Vale is one of the strategic partners of Liaoning Port Group, we will achieve common development on iron ore supply chain, block-chain and processing sectors,” commented Zhou Qinghong, general manager of Liaoning Port Group.

Liaoning Port Group is a home port of China Merchants in north China, merged and established from Dalian port and Yingkou port.

A joint venture terminal project between Ningbo – Zhoushan port and Vale was terminated recently due to changes in national policy.

Vale has had a complex relationship with China and import of iron ore from Brazil. It’s 400,000 dwt very large ore carriers (VLOCs) were effectively barred from calling Chinese ports during their early years of service, officially on safety grounds.

Related:Vale and Ningbo-Zhoushan jv port project abandoned