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Vale Reaches Agreement with China's Cosco for Iron Ore Transportation
Brazilian mining company Vale S.A (NYSE:VALE) has reached an agreement with China Ocean Shipping Co. (Cosco) for iron ore transportation, helping the company cut costs amid slumping prices for the metal.
The agreement with Cosco would potentially pave the way for more productive negotiations with China over docking Vale’s mega-bulk carriers known as the Valemax. Currently, Vale is unable to dock the ships at Chinese ports because ship owners say they could worsen a shipping glut and steal market shares.
According to sources, the ban is expected to be lifted once the deal with Cosco is finalized.
http://www.miningglobal.com/operations/1159/...ron-Ore-Transportation
http://www.thestreet.com/story/12887357/1/...-one-year-low-today.html
Ein Mann muß tun was ein Mann tun muß !
Hab auch aufgestockt. 
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| Wertung | Antworten | Thema | Verfasser | letzter Verfasser | letzter Beitrag | |
| 5 | 1.249 | Schluß mit Südkurs | nimm2nimm4 | Italymaster | 05.12.17 17:13 | |
| 7 | 690 | CVRD, Danke vinhedo, auch ein interessanter Wert. | Peddy78 | Neuer1 | 19.05.15 16:05 |