Firms in Fed’s Beige Book Fret Over Any Lengthy Baltimore Port Closure
(Bloomberg) — The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to broad price increases,...
The value of the contract was not disclosed, but all 10 of the vessels will be large 400,000 tonne ships, Xinhua said.
The vessels would help COSCO Shipping meet a long-term agreement signed last month with Brazil’s Vale SA to ship 16 million tonnes of iron ore per year for the miner for almost the next three decades, the report added.
China COSCO Shipping Corp was launched in February following the merger of former rivals China Ocean Shipping (Group) Co and China Shipping Group. (Reporting by Adam Jourdan; Editing by Richard Pullin)
(c) Copyright Thomson Reuters 2016.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,961 members that receive our newsletter.
Have a news tip? Let us know.
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign UpMaritime and offshore news trusted by our 105,961 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up