Vale to build second iron ore storage ship in Asia

Vale will build a second floating iron ore storage vessel in Asia to feed shipments to its main market, China, a senior company official said on Monday, as the Brazilian miner works around Beijing's ban on its huge dry bulk ships. China, the...

Vale targets China firms over mega ship standoff

Brazil's Vale , the world's largest iron-ore producer, has stopped hiring vessels from some Chinese shipping firms in retaliation for Beijing's efforts to keep the miner's huge ships out of the country, traders and industry sources said. Chinese...