TEX reported that Nippon Yusen Kabushiki Kaisha Line has completed on June 11th 2010 a 300,000 DWT class ore carrier named Baomin at the shipyard of Nantong Cosco KHI Engineering Co Limited.
This follows the previous 300,000 DWT class carrier OITA MARU ordered by NYK Line and completed in March 2010 and is the first 300,000 DWT class ore carrier developed by NACKS and delivered to a Japanese shipping company.
The Baomin will engage in the long term transport of iron ore for Baosteel, carrying approximately 1.2 million tonnes each year over a period of the 20 years, principally from Brazil. This falls on the fourth transportation contract out of the five NYK has concluded with Baosteel. In coming October another new 250,000 DWT class ore carrier will be launched.
This follows the previous 300,000 DWT class carrier OITA MARU ordered by NYK Line and completed in March 2010 and is the first 300,000 DWT class ore carrier developed by NACKS and delivered to a Japanese shipping company.
The Baomin will engage in the long term transport of iron ore for Baosteel, carrying approximately 1.2 million tonnes each year over a period of the 20 years, principally from Brazil. This falls on the fourth transportation contract out of the five NYK has concluded with Baosteel. In coming October another new 250,000 DWT class ore carrier will be launched.