Will Valemax Ore Ships Sink or Swim in China?
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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