Vale and Cosco in giant iron ore arrangement

Mining giant Vale and China's largest carrier, Cosco, have reached an agreement for Cosco to lease four of the mining company's giant vessels - Valemaxes.
Photo: Vale
Photo: Vale

On Friday, Cosco and Brazilian Vale signed an agreement that has Vale leasing four of its 400,000 cubic ton vessels to Chinese Cosco. The agreement has a 25-year duration and also contains a clause stating that Cosco will build 10 Valemaxes of its own.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading