Costas Paris, Beijing Moves to Tighten Grip on Trade Route; Chinese dominance [in shipment of bulk bargo] could keep freight rates under control for years. Wall Street Journal, Mar 11, 2016.
"Chinese shipping majors Cosco Group, China Merchants Group and ICBC Financial Leasing Co have placed orders for 30 giant Valemax vessels worth a combined $2.5 billion [from four named local yards]
"Valemaxes were introduced to the market in 2010 by Brazilian mining giant Vale SA.
My comment: What the report does not say, and what is very real, is China's shipbuilding industry needs resuscitation, from Beijing.