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Thursday, 11 December 2014

Brazilian port signs cooperation agreement with Qingdao

The Brazilian port terminal of Ponta da Madeira has signed a cooperation agreement with China’s Qingdao port to increase iron ore handling between the two terminals.

Brazilian metals and mining corporation Vale, the operator of Ponta da Madeira, aims to strengthen ties in a bid to improve best practices and studies and promote maritime routes between the two countries.

The port, located in the northeast of Brazil receives a number of services from Qingdao, on the east coast of northern China, but Vale is keen to study ways to boost transport between the two terminals.

Ponta da Madeira has capacity to berth up to five ships at the same time, and receives export cargoes of iron ore, manganese, concentrate of copper and pig iron.

In 2013, the terminal shipped an estimated 105 million tonnes of iron ore out of a total of 112 million tonnes in products shipped.


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