China COSCO Shipping Corp. Ltd. and Brazilian miner Vale on Friday signed an agreement on iron ore shipping, the latest cooperation between the two companies.
COSCO's subsidiary China Ore Shipping will ship around 16 million tonnes of iron ore for Vale annually for the next 27 years.
China COSCO Shipping Corporation is a new company formed by the restructuring of China's top two shipping firms, officially established in February.
By amalgamating COSCO and China Shipping, the new conglomerate has the world's largest total shipping capacity and the fourth biggest container fleet.
Name (required) *
E-mail (required, but will not be published) *
Notify me of follow-up comments
Ice cool skipper Alastair Cook insisted he never doubted England would hold their nerve after just preventing Bangladesh from pulling off an…
The facade of the world's tallest building, the Burj Khalifa in the Gulf emirate of Dubai, was lit up in pink Thursday…
The London Fashion Week (LFW) is one of the most sought out shows of the year. LFW is an annual fashion event…
Powered and Developed by FilmMatters
Copyright © 2016 Arabtoday