From Reuters:
Ships in the Valemax fleet of 400,000dwt fleet of ore carriers have been allowed to dock at five ports in China as a ban that had been in place since 2012 is relaxed. Vale investor relations chief Rogerio Nogueira said the Brazilian miner was working to increase the number of ports open to its ships.
The Chinese port ban had stymied Vale’s efforts to reduce freight costs and compete with Australian based-rivals such as BHP Billiton and Rio Tinto.
With oil and this, Vale is powering down the cost curve.