vale built those 36 400k ton ships as if to handl

vale built those 36 400k ton ships as if to handle all the extra worldwide demand of the time by itself - had to lease 1/3 of such i read somewhere and delay or stop 1/3
no port in world was deep enough for the 72-75 foot draft and had to load offshore in brazil -have to switch load to smaller ships in africa to proceed to china til new vale china port built
china domestic ore assoc tried to stop vale ships and was successful for awhile

just shows big boys make deep mistakes also