Subscribe to RSS feedRio, BHP, Vale dominance very harmful says Cosco
by
Michelle Wiese Bockmann - Lloyd's List
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last modified
Jul 01, 2009 12:18 PM
The global dominance of the world's three major iron ore producers “could be very harmful to the shipping industry”, China's largest shipping company said yesterday.
A senior Cosco executive detailed his concerns about the growing shipping power of BHP Billiton, Rio Tinto and Vale at the World Dry Bulk Shipping Summit in London.
“I believe nobody sitting in this room could be in a dominant position in dry bulk,...
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