Subscribe to RSS feedCosco lashes ore producers
CHINA’s largest shipping company said the global dominance of the three major iron ore producers “could be very harmful to the industry”.
STAND OFF: China has yet to settle annual iron ore contract prices with Vale, BHP Billiton and Rio Tinto, which between them control 70% of global seaborne trade in iron ore.
One of Cosco’s senior executives detailed his concerns about the growing shipping power of Vale, BHP Billiton and Rio Tinto at a conference in London last week.
“I believe nobody sitting in this room could be in a dominant...
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