MOL Contract with Jiangsu Shagang Group

Wednesday, October 21, 2009
(From left) Shen Wenming, Vice President, Jiangsu Shagang Group and Kenichi Nagata, Managing Executive Officer, Mitsui O.S.K. Lines, Ltd. (Photo courtesy Mitsui O.S.K. Lines, Ltd.)

Mitsui O.S.K. Lines, Ltd. announced that MOL became the first overseas shipowner to sign a long-term iron ore transport contract with Jiangsu Shagang Group Co., Ltd. of China on October 19. MOL will transport iron ore from Australia and Brazil to Jiangsu Shagang.

A 207,000-tonne iron ore carrier, to be constructed at the Universal Shipbuilding Corporation for the contract, is scheduled for completion in late 2011. The company signed a 10-year voyage contract to transport iron ore between West Australia/Brazil and Ningbo starting late 2011. The Jiangsu Shagang Group has aggressively expanded business, and its production ranks among the top five Chinese steel companies.

Specifications:
Deadweight: 206,500 MT
Length: 983.2 ft
Breadth: 64 ft
Draft: 59.7 ft

(www.MOLpower.com)

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Airbus May Sell Stake in Submarine Supplier

Airbus is considering a sale of its 49 percent stake in submarine supplier Atlas Elektronik as part of a reshuffle of its military business, German newspaper Die

Roll-iT Reacts to Growing Demand

Roll-iT reaches new peaks with SCHEUERLE Self-Propelled Modular Transporters Roll-iT from Stabroek, Belgium is a co-partnership of Aertssen Kranen (Aertssen

Ferguson Norge Unveils New NORSOK Workshops

As a result of market demand for NORSOK workspace modules, Ferguson Norge, specialists in the rental of DNV 2.7-1 / EN 12079 certified offshore containers, refrigeration/freezer modules,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Repair
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3185 sec (3 req/sec)