Brazil-based
mining giant
Vale will begin its
iron ore distribution operations in the
Philippines on February 12, according to the authorities at Subic Bay port in the
Philippines.
Vale has recently announced that it will use transshipment vessels to bypass the Chinese ban on
Vale's mega
iron ore ships, with operations to be based at Subic Bay,
Philippines. At the transshipment hub in Subic Bay port,
Vale's 400,000 deadweight ton mega
iron ore vessels will transfer cargo to smaller vessels which are allowed to dock at Chinese ports.
Subic Bay Metropolitan Authority (SBMA) expects to obtain additional income, once
Vale starts operations in the
Philippines due to the increase in the number of ships visiting the port.