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After standoff, Vale and Cosco both claim shipping victory
Published Tue, Sep 16, 2014 · 04:00 PM
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[SHANGHAI] In the end, the answer to Brazilian miner Vale's Chinese shipping problem turned out to be in the problem itself.
For two years, Vale SA's Valemax mega-ships - designed to cut the costs of transporting iron ore to China - have not been allowed to dock at Chinese ports, stalling the miner's US$4 bi…
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