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China maintains ban on giant ore carriers

Rules to take effect from July a setback for Brazil's Vale

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.

It would be the latest setback...

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