11
Apr
10:24
ICBC and Vale sign freight contract
China’s ICBC Financial Leasing Co. signed a transport protocol with Brazil's Vale on 8 April to transport 16 million tonnes/year of iron ore for Vale for 27 years starting in 2018. Vale has signed three such contracts with Chinese shippers this year, which could help it meet its iron ore sales targets in China, Kallanish notes.
Vale has already signed similar freight deals with China Cosco Shipping Group on 18 March and Hong Kong Ming Wah Shipping Co.,…
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Anonymous
Very good overview of the weekly steel market.
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