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2009 April 30   13:11

Mercator Lines signs 14-yr iron ore ship deal with Vale

Dry bulk shipping firm Mercator Lines said on Thursday it has signed a contract with Brazil's Vale  to transport iron ore from Brazil to China over the next 14 years.
Mercator Lines said the $175 million deal with the world's biggest iron ore producer will begin from May this year and end in March 2023, it said in a statement.

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