Qingdao and Vale discuss dedicated VLOC berth

Dalian: Qingdao Port, the world's seventh-largest port, is in preliminary talks with Brazil-based miner Vale S.A. to develop a shipping berth for 400,000-ton iron-ore carriers, sources reported, citing Chang Dechuan, chairman of Qingdao Port Group, as saying.

Qingdao Port, the second-largest foreign trade port in China, is shifting its strategy to concentrate more on the import business. The port may reduce its investment in more export-oriented container business and focus on more profitable iron ore and oil imports, said Chang.

(Source: Sea Trade Asia)