Costas Paris, 中国三大航运巨头订购30艘巨型Valemax轮船. 华尔街日报中文版, Mar 11, 2016
http://cn.wsj.com/gb/20160311/biz075920.asp
, which a shorter translation of
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.
"Valemaxes were introduced to the market in 2010 by Brazilian mining giant Vale SA.
cargo] could . Wall Street Journal, Mar 11, 2016.
http://www.wsj.com/articles/chin ... -vessels-1457631278
Quote:
"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.
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