. . . . "The 280,000 deadweight-ton vessel will serve as a platform to transfer iron ore from the so-called Valemaxes to smaller ships for transport to China and other Asian markets such as Japan and South Korea.Previously a crude oil tanker was converted by a Chinese shipyard to a floating storage vessel to be based in Subic Freeport, located in the Philippines' main Luzon island, according to shipping da" . . .