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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

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Nov 14 4:00 PM EST

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To: elmatador who wrote (66849)	11/23/2011 3:37:46 PM
From: Snowshoe	Read Replies (1) of 217795

Over-capacity... China Shunning Ships Shows $2.3 Billion Vale Mistake: Freight businessweek.com Nov. 23 (Bloomberg) -- The Vale Brasil, the biggest commodity ship ever built, was designed to carry iron ore to China from South America. After six months in operation, it hasn’t done that once. China’s refusal to accept the Brasil has derailed Vale SA’s push to control shipments to its biggest customer by building up a fleet of 35 ships, each almost as large as the Bank of America Tower in New York. Rio de Janeiro-based Vale, the world’s biggest iron ore miner, ships about 45 percent of sales to China, the largest consumer of the steelmaking ingredient.

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