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06.28.2012 14:44

Will Valemax Ore Ships Sink or Swim in China?

Shipowners have tried to block the huge vessels poised to bring Brazilian iron ore into nation’s ports
By staff reporters Pu Jun and Wu Jing
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China's biggest shipping companies are going head-to-head with the world's largest iron ore supplier in a battle over access to its ports.

The controversy dates to 2007 when Brazilian miner Vale SA started mapping out plans for a fleet of super-sized ore carriers and complementary port facilities to serve Asian customers, mainly Chinese steelmakers.

Vale's focus sharpened in December 2009 with a project to build distribution centers in China, the world's largest steel producer, and other parts of Asia.

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