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Vale Reroutes Iron Ore Destined for China to Italy Over Port Issues

Vale of Brazil, the second-largest mining company in the world, sent an iron ore ship heading for China to Italy to supply Ilva instead of going to Dalian in China. The company said that there was no political or technical problem but the re-routing was undertaken to finalize talks on future port deals in China.

The 391,000 tonnes of iron ore on The Vale Brasil are now headed to Taranto in Italy. Vale Brasil is the largest dry bulk vessel in the world.

Pedro Gutemberg, the global director of marketing for Vale said that the decision was a purely commercial issue. As per the company statement the alteration of the destination is part of the flexibility in Vale's integrated logistics policy that allows Vale to reallocate the destination of exports, based on the needs of the market. Mr Gutemberg said that the move was symbolic to show customer in Europe and worldwide that the Valemax ships were not just made for China.

Vale had mentioned earlier in the year that it had not got permission for its Chinamax and Valemax vessels to enter the Chinese ports fully loaded. The statement also said that it expected its Vale China, the first ship of the Valemax class that was produced in China and financed by Chinese institutions would also have a Chinese port as its first destination.

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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