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You are here: Home → Archive → 2009 → August → Weekly Edition 6th of August 2009 → Vale’s ‘radical’ change for ore logistics arm

Vale’s ‘radical’ change for ore logistics arm

by Michelle Wiese Bockmann, London — last modified Aug 06, 2009 03:56 PM

VALE has revealed how it has seized control of its shipping costs with a “radical” six-month restructure of its freight and logistics business.

The world’s largest iron ore producer confirmed it had purchased 15 secondhand bulk carriers so far in 2009, and now ships 70% of all the iron ore it sells on its own vessels.
Vale has also ordered 20 bulk...

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