According to a recent report, Vale’s Philippine operations are not doing as well as the Brazilian miner had hoped, Seatrade Asia online reports. The transhipment operations in Subic are “anything but smooth”, the report said, with the valemaxes staying in port for an average of 30 days each.
Apparently scheduling of shuttle carriers has been problematic and reaching acceptable discharge rates has also been an issue. The report estimated that transhipment is costing at least $6 per tonne however with the extra problems, costs could be as much as 50% higher, the report said.
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