Vale discusses port development in Jiangsu

Brazil’s Vale SA has discussed opportunities with the Jiangsu Transportation Department to co-develop ports in Jiangsu Province, China. The plans include jointly developing Lianyungang port and other Yangtze river ports in the region.

In return, the Transportation Department of Jiangsu will support Vale’s business in the region and develop the Port of Lianyungang to handle Vale’s iron ore as one of its major commodities. The Province is currently increasing the pace of the construction of the 300,000 tons-class shipping channel and renovating the 400,000 tons-class berth to improve its handling capacity for VLOC vessels, according to Seatrade Maritime News.

Lianyungang port already has a Memorandum of Understanding with Vale’s Tubarão Port in Espírito Santo to cooperate on iron ore trading and break bulk cargo operations.

In February, Vale signed an agreement with the Vitória city council to resume full use of Tubarão’s complex upon presenting a contingency plan to mitigate the emission of pollutants at sea. The local council had partially blocked the company from using a waste treatment facility, as well as fining them R$35m for causing pollution.

The following DataLiner graph presents Vale SA’s iron ore (HS Code 2601) export trends since 2006:

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