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Malaysian storage facility to ensure Vale access to China

This March Brazilian Vale will open a new distribution center in Malaysia to help the company ensure the efficiency of its large Valemax vessels as well as the delivery of iron ore to China, where the ships are still not welcome.

Photo: Vale

The world's largest iron ore producer is still fighting China's resistance toward the company's 400,000 dwt ships, which since January 2012 have been barred from calling in Chinese ports. To ensure access to the ports, Vale will open a new storage and distribution center in Malaysia this March, where the Valemax vessels can load the iron, so that the company can continue to compete with Australian Rio Tinto and BHB Billiton, according to Reuters.

With the Malaysian hub and a floating terminal by the Philippines, Vale will be able to optimize its use of the massive ships, and the first ship is set to call in Malaysia next month, said João Mendes de Faria, President of Vale in China, according to Reuters, at a conference. This move will ensure that Vale's iron ore is closer to China, the company's largest customer.

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