China, Brazil, Shipping And Vale
China’s trade ministry recently banned Vale S.A’s (VALE) 400.000-deadweight-ton “Valemax” vessels, along with other giant freighters and tankers, to protect Chinese ocean-freight industry. Shipping rates have slashed by two-thirds since October, slashing revenue for ship-owners worldwide. As a protective measure, the Chinese trade industry’s move comes as check on the mining giant’s efforts to cut [...]
China’s trade ministry recently banned Vale S.A’s (VALE) 400.000-deadweight-ton “Valemax” vessels, along with other giant freighters and tankers, to protect Chinese ocean-freight industry.
Shipping rates have slashed by two-thirds since October, slashing revenue for ship-owners worldwide. As a protective measure, the Chinese trade industry’s move comes as check on the mining giant’s efforts to cut the cost of shipping iron ore to the Chinese market; thereby straining the country’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards