Rules to take effect from July a setback for Brazil's Vale
Mon, Feb 17, 2014 - 6:00 AM
Rightsizing: Beijing says the expansion of its ports has been "irrational" and they need to shed capacity to meet new norms. - PHOTO: BLOOMBERG
[SINGAPORE] China will only allow ships with capacity of up to 250,000 deadweight tonnes to berth at its ports from July 1, its transport ministry said, effectively keeping a ban on Brazilian miner Vale's huge iron ore vessels in place since January 2012.