MOL's president Akimitsu Ashida has announced its first contract with overseas shipowners, Jiangsu Shagang Group, to transport iron ore between Western Australia/Brazil and Ningbo on a consecutive voyage contract to run for 10 years from late 2011.
MOL will transport iron ore using a 207,000-ton iron ore carrier to be constructed at the Universal Shipbuilding Corporation, scheduled for completion in late 2011.
Jiangsu Shagang Group accepted MOL's proposal of an efficient large-scale ship that would conform to Jiangsu Shagang's berth at Zhangjiagang Port which led to the conclusion of the long-term contract.
Founded in 1975, Jiangsu Shagang is one of China's leading steel makers and among the largest of private steel makers. In 2008, its annual ore production was 23.3 million tons, and its annual iron ore imports (from Brazil, Australia, etc.) were 16.34 million tons.
The Jiangsu Shagang Group has aggressively expanded business, and its production ranks among the top five Chinese steel companies.
MOL makes a point of meeting a variety of needs in iron ore transport, which is expected to be an active seaborne trade into the future, and is aggressively involved in natural resources transport for steel companies in Japan and overseas.
MOL will transport iron ore using a 207,000-ton iron ore carrier to be constructed at the Universal Shipbuilding Corporation, scheduled for completion in late 2011.
Jiangsu Shagang Group accepted MOL's proposal of an efficient large-scale ship that would conform to Jiangsu Shagang's berth at Zhangjiagang Port which led to the conclusion of the long-term contract.
Founded in 1975, Jiangsu Shagang is one of China's leading steel makers and among the largest of private steel makers. In 2008, its annual ore production was 23.3 million tons, and its annual iron ore imports (from Brazil, Australia, etc.) were 16.34 million tons.
The Jiangsu Shagang Group has aggressively expanded business, and its production ranks among the top five Chinese steel companies.
MOL makes a point of meeting a variety of needs in iron ore transport, which is expected to be an active seaborne trade into the future, and is aggressively involved in natural resources transport for steel companies in Japan and overseas.