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CMES and VALE Sign Framework Agreement on Strategic Cooperation
Date:2014-09-27 Soure:CMES Click:


Hong Kong Ming Wah Shipping Co., Ltd (HKMW), a subsidiary of China Merchants Energy Shipping Co., Ltd. (CMES), signed a Strategic Cooperation Framework Agreement with Vale (International) Co., Ltd. (VALE) in Beijing on 26 September 2014. The document was signed by Mr. Xie Chunlin, President of CMES and Mr. Gurinder Singh, Director of Vale Shipping and Distribution and was witnessed by Mr. Su Xingang, Vice President of China Merchants Group and Mr. Claudio Alves, Global Director of Marketing and Sales of Vale Ferrous Division.


CMES and Vale wish to expand their cooperation on seaborne cargo transportation and integrated logistics on a long-term basis, particularly in relation to the seaborne carriage of iron ore between Brazil and China. CMES will build 10 very large ore carriers for the carriage of iron ore by means of a Contract of Affreightment for a period of 25 years to be concluded between both parties.


Ms. Bian Yimei, Deputy General Manager of Administration Department of China Merchants Group, Mr. Zhao Yaoming, Vice President of CMES and MD of HKMW and Mr. Ding Lei, Deputy General Manager of HKMW, etc. also attended the signing ceremony.




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