Vale to start transshipment operations in Philippines on Feb. 12

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.