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COSCO and China Shipping Signed Vessel Purchase Agreement with Vale
Updated Time: 2015-05-20Page Views:

On May 19th(Brazil time), witnessed by the Chinese Premier Li Keqiang and Brazilian President Dilma Rousseff, COSCO and China Shipping signed vessel purchase agreement with Vale. According to the agreement, China Ore Shipping Pte. Ltd, the joint venture between China COSCO Bulk Company (51% stake) and China Shipping Development Company (49% stake), will purchase four VLOCs from Vale.

Mr. Ma Zehua, Chairman of COSCO Group, Mr. Xu Lirong, Chairman of China Shipping Group, Mr. Murilo Ferreira, President&CEO of Vale and Mr. Gurinder Singh, Director of Shipping & Distribution of Vale attended the Signing Ceremony and signed the agreement on behalf of each party.

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