Those who enjoy looking out onto the bay might have noticed the giant rust-colored ships that seem stationary in the area of the bay near the Hanjin shipyard. These ships are owned by a Brazilian iron ore company that operates the world's largest bulk carriers, which sometimes visit to Subic. The largest, and always stationary vessel, is being used as a transhipment facility. Other carriers bring in iron ore and it is moved to smaller vessels and shipped to China to make the rebar and other components needed to underpin its massive infastructure buildup.
Here is an article from Mining Weekly that tells more:
|Brazil’s Vale invests to get around Chinese megaship ban|
|By: Keith Campbell |
Published: 25th May 2012