Chinese shipbuilding industry


Tam

Major
Registered Member
China imports of iron ore from Brazil surging. Does China have a currency swap deal with Brazil, letting them buy the iron ore with Yuan? Oh yes they do.

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Valemax or Chinamax as they are called, many of these are built in China including Vale Brasil. As bulk freighters, these are the largest in the world.


vale-brasil1.jpg


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Although Australia is closer than Brazil, the freight carriers used with the Australian route are smaller, and less efficient, and this allows the Vale carriers to be competitive.
 

Red Moon

Junior Member
China imports of iron ore from Brazil surging. Does China have a currency swap deal with Brazil, letting them buy the iron ore with Yuan? Oh yes they do.

Please, Log in or Register to view URLs content!

Valemax or Chinamax as they are called, many of these are built in China including Vale Brasil. As bulk freighters, these are the largest in the world.


View attachment 64545


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Although Australia is closer than Brazil, the freight carriers used with the Australian route are smaller, and less efficient, and this allows the Vale carriers to be competitive.
They also give a lower price to China to compensate for the difference in shipping costs. In exchange, China buys the entire crop.
 

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