Malaysian storage facility to ensure Vale access to China
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.
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