Brazilian iron ore exports to China in 2017 totalled 216.09 million tons, an increase of 1.5% over 2016, according to figures from the Brazilian Ministry of Development, Industry and Foreign Trade.
The same figures show that China was responsible for buying 61% of total Brazilian iron ore exports, which reached 353.26 million tons last year.
Brazil’s iron ore exports to China increased in value by 42% to US$10.24 billion from US$7.2 billion in 2016.
On Thursday, China Ore Shipping, a company of the China Cosco Shipping Corporation group, received and named the “Yuanhehai” one of the world’s largest ore carriers, with a gross tonnage of 400,000 tons.
“Yuanhehai” is part of the second generation of very large ore transport vessels (VLOC), designed and built by the Shanghai Waigaoqiao Shipbuilding Company.
The ship, which is 362 metres long, 65 metres wide and 30.4 metres high, was originally commissioned by Brazilian mining group Vale, and will carry iron ore to China and other Asian countries such as Japan and South Korea. (macauhub)