A long-standing dispute between Chinese shipowners and the global mining giant Vale has reignited after a massive ore carrier named "Malaysia" entered a port in eastern China this week. This marks the first time a large vessel has been allowed into China since the country imposed a ban on oversized ships in January 2012, sparking concerns among local shipping companies.
The 400,000-tonne ore ship arrived at Lianyungang Port in Jiangsu Province on Monday and departed on Wednesday after unloading its cargo. In response, the China Shipowners Association has written to the National Development and Reform Commission, the Ministry of Transport, and the Lianyungang Port Authority, accusing Vale of violating national regulations by operating such a massive vessel without proper approval.
This is the first time Vale's ship has docked in a Chinese port since 2011. Following that, in early 2012, the Ministry of Communications revised its rules regarding the berthing of oversized vessels, requiring special permits for super-large ships to enter Chinese ports. Industry experts believe that once all 35 of Vale’s 400,000-ton ore carriers are deployed, they could significantly alter the dry bulk shipping market structure and freight rates.
Chinese shipowners have historically opposed the entry of these massive vessels, citing overcapacity in the current shipping market and fears of Vale gaining too much influence. The recent move by Vale has raised concerns about potential market monopolization, leading to strong opposition from local shipping firms. (Reporter: Xiao Wei)
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