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Brazilian Vale's iron ore shipments on its maiden voyage to Philippines

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It is reported that Vale, the Brazilian multinational mining giant, is on its maiden voyage to Philippines with 400,000-deadweight-ton Vale Brasil and is expected to dock at Subic Bay in early February.

Vale Brasil should be the first of Vale huge ships to arrive in Asia, but was diverted last June to Italy after the Chinese government failed to provide permission for the ship to dock at Dalian Port.

This is the second of the company so-called Valemaxes which are very large ore carriers to sail to Asia.

It is said that Brazilian Vale targets to turn Subic into an iron ore transshipment center, where it can dock its Valemaxes, transfer cargo to smaller vessels and then use these to supply its clients in other parts of Asia.

News Date 19 Jan 2012 14:04:10 reported by Mike Lo

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