SHANGHAI, March 18 (Reuters) – China COSCO Shipping Corporation and Vale have signed a 27-year-long agreement that will see the Chinese shipping giant carry 16 million tonnes of iron ore per year for the Brazilian miner.
The agreement was signed between the two companies at a ceremony in Beijing on Friday, the Chinese company said in a statement.
“The signing of the agreement marks the commencement of a new chapter of the cooperation between the two companies,” it said.
China COSCO Shipping Corporation was launched last month following the merger of former rivals China Ocean Shipping (Group) Company and China Shipping Group. COSCO previously had a long-term shipping deal with Vale. (Reporting by Brenda Goh; Editing by Keith Weir)
China said on Monday it had provided information and documents for an open investigation into the severing of two Baltic Sea undersea cables, though it and Sweden disagreed over how transparent Beijing had been in the case.
By Wladimir Pantaleone and Angelo Amante PALERMO, Italy, Dec 20 (Reuters) – Acourt on Friday acquitted Italian Deputy Prime Minister Matteo Salvini of charges of kidnapping over 100 migrants aboard a boat he had...
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December 17, 2024
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