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Vale's $2.3 billion white elephant: Chinese don't want huge iron ore carriers

Andrew Topf | November 23, 2011 | 6:58 am China Europe Latin America Iron Ore 

They were supposed to be the vessels that will ferry iron ore from the world's largest exporter to the world's largest customer of the crucial steelmaking ingredient. Instead, Vale's new fleet of iron ore carriers could remain moored at home...

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