All of a sudden Vale,might just have similar freight costs to China as BHP does
http://www.mineweb.com/mineweb/content/en//mineweb-fast-news?oid=253089&sn=Detail
Sold its 4 400kt Valemax boats to Cosco ,taken a 25yr shipping lease and signed up for 10 more VL Capes to be built by Cosco.
Estimated saving $7us on shipping if China now allows them to dock.
DYOR + DYODD
