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Navios starts London arbitration proceedings against ValeNavios starts London arbitration proceedings against Vale

Navios Maritime Holdings has started arbitration proceedings in London over a contract for an iron ore terminal in Uruguay.

Marcus Hand, Editor

June 14, 2016

1 Min Read
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Vale had previously advised Navios Holdings that it would not be performing a 20-year take-or-pay contract service contract for an iron ore terminal being built in Nueva Palmira, Uruguay.

Navios Logistics said that it believed that Vale’s position was without merit and it had started arbitration proceedings.

“No assurances can be provided that Navios Logistics will prevail in the arbitration or that Vale International will finally perform the contract. If Vale International fails to perform, there may be a significant impact on Navios Logistics’ future business,” Navios Holdings said.

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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