This week, Brazilian mining giant Vale called in a Chinese port with its giant dry bulk ship Valemax. This marks the first time a mega ship has called in a Chinese port since the government in Beijing banned the ships in January 2012.
The ships of major iron ore producer Vale have a total size of 40,000 dwt, and China banned them from calling in Chinese ports, citing concerns about safety and, in particular, the country's own shipping industry, out of fears that the massive ships would push the low rates down even further.
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