Hanjin Shipping inks 15-year coal contract with Kospo
Hanjin Shipping signed a 15-year consecutive voyage contract on Wednesday with Korea Southern Power (Kospo) to provide two capesize vessels for the transportation of soft coal, Seatrade Asia online reports. The first vessel will be deployed in 2012 and the second in 2015 to transport 2.2m tonnes of soft coal annually for 15 years. The ships will run to South Korea from various countries including Australia, Canada and Indonesia.
Total transport volume is estimated to be around 33m tonnes creating total revenue of approximately KRW360bn, according to Hanjin Shipping.
“We are confident that our continuous success in obtaining long term contracts with the world's major customers will provide firm ground for the growth of our bulk business,” the shipping firm said.
Total transport volume is estimated to be around 33m tonnes creating total revenue of approximately KRW360bn, according to Hanjin Shipping.
“We are confident that our continuous success in obtaining long term contracts with the world's major customers will provide firm ground for the growth of our bulk business,” the shipping firm said.