26
Sep
01:00
Vale and China Merchants Group sign agreement on VLOCs
Brazil’s Vale has signed a framework agreement for strategic cooperation in iron ore shipping with China Merchants Group, the company tells Kallanish.
The document was signed by Gurinder Singh, Vale's shipping and distribution director, and Xie Chunlin, president of China Merchants Energy Shipping Co. in Beijing on 26 September.
The companies have agreed to enter a contract of affreightment for a period of 25 years which will be serviced by …
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Very good overview of the weekly steel market.
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