Bigger Ships to Take Ore to China – Marianne Barriaux

From The Guardian:

CVRD, the Brazilian mining group, is having the world’s largest ore carriers built to export ore to China as the latter’s insatiable demand for the raw materials to produce steel has pushed freight rates through the roof.

The company, which last summer won the battle for Canada’s Inco with a bid of ¬£9.4bn, has ordered four ore carriers with a capacity of 388,000 tonnes. [Full text]

See also a report from last month about CVRD’s worries that fulfilling China’s demands for iron could cause a shortage in ’s iron ore market.

SUPPORT CDT

Tweets

Google Ads 1

CDT EBOOKS

Giving Assistant

Amazon Smile

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.