CMES CVRD intends to buy four large ore carriers

Published: 19:29:04 2015/5/20 19:29:04  Views: 857

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China Securities Network (Reporter Chen Tian Yi CMES May 20 evening announcement, the company in Brazil local time on May 19 (Beijing time on May 20 and CVRD (Brasilia International Ltd. signed << deepen strategic cooperation Framework Agreement >>.

Agreement, both sides will September 26, 2014, signed a strategic cooperation framework agreement >> << on the basis of long-term strategic partnership to further strengthen maritime cargo transport and integrated logistics sector. The company intends to purchase four now Vale large ore carriers. In addition, a subsidiary of China Merchants ships will sign long-term contracts of affreightment and CVRD intends, specific terms of the contract to be further negotiated. After entry into force of the agreement approved by both boards.

CMES believes that the signing of the agreement, in favor of the future development of the company, in the interests of the company and shareholders.

In addition, China Merchants China Merchants Group, the actual controller ship the same day in Brasilia with the Export-Import Bank of China, Brazil Vale signed a << China Merchants Group, Export-Import Bank of China and Brazil's Vale on large ore carrier project financing memorandum >> According to the memorandum, China Export-Import Bank of China Merchants Group in domestic shipyards for new construction or purchase of existing large ore carriers, Vale no more than 1.2 billion US dollars to provide loans.

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