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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Almira, Ex. Dir. Palm Beach Port Honored by FCBF

Port of Palm Beach Executive Director Manuel Almira was inducted into the Florida Custom Brokers & Forwarders Association Hall of Fame. Mr. Almira was recognized

"K" Line Review of Medium-Term Management Plan

Kawasaki Kisen Kaisha, Ltd. (“K” Line) reviewed “K” Line Group’s medium-term management Plan, which was formulated in March 2015 as the business strategy toward our 100th anniversary in 2019,

Matson Announces Q2 Dividend of $0.18/Share

The Board of Directors of Matson, Inc. today declared a second quarter dividend of $0.18 per common share. The dividend will be paid on June 2, 2016 to all shareholders

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | 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: 0.0866 sec (12 req/sec)