CMES, Vale Shake Hands on Iron Ore Transport Deal

China Merchants Energy Shipping’s (CMES) subsidiary, Hong Kong Ming Wah Shipping, has signed a deal to transport iron ore for the Brazilian mining company Vale for a period of up to 27 years.

The contract was signed by President of CMES, Xie Chunlin, and Vale’s Executive Manager for Shipping and Marketing Iron Ore, Luiz Meriz, in Beijing on March 21.

The deal is the implementation of a strategic cooperation agreement on seaborne cargo transportation and integrated logistics which the two companies entered in September 2014.

CMES and Vale signed the agreement under which the mining giant said it would sell four 400,000 dwt very large ore carriers (VLOCs) to CMES.

The iron ore transport contract comes on the back of Vale’s previous 27-year deal signed with China COSCO Shipping Corporation (COSCOCS) just last week, under which COSCOCS will transport about 16 million tons of iron ore per year for Vale.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 1 2 3

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

2nd CWC Japan LNG & Gas Summit

The highly successful CWC Japan LNG & Gas Summit returns for a second year…

read more >

GREENTECH IN SHIPPING GLOBAL FORUM

The mindset of sustainability and efficiency is the key to unlocking successful business…

read more >

LNG2019

LNG2019 features the largest number and highest level of LNG industry leaders.

read more >