"This is the second port in China that can handle 400,000 tons class ore dry bulk carriers."
Vale said three Chinese ports, Majishan, Dalian and Dongjiakou, are known for being able to receive its large dry bulk carriers, also known as Valemaxes.
Vale rolled out earlier this year Vale Brazil, the world's largest dry-bulk vessel, a ship designed to reduce the cost of shipping iron ore --the main steel ingredient to China, the company's biggest market.
On its maiden voyage however, the China-bound vessel, was diverted to Italy for commercial reasons and to allow time to finalise talks for future port deals, Vale said.
Vale will have China and South Korea build 18 new giant bulk carriers as domestic Brazilian shipyards do not have capacity to take the order, Vale's chief financial officer said. (Reuters)