Mitsui O.S.K. Lines, Ltd. today announced that its group subsidiary MOL Cape (Singapore) Pte. Ltd. (MOL Cape) has concluded 20-year Freight Service Agreement for 200,000-ton-plus class iron ore carriers with Rio Tinto, the company reports.
Based on the contract, MOL Cape will place several large-scale carriers to transport iron ore mainly from Australia to China.
MOL Cape has independently developed business in Singapore. Conclusion of the long-term contract with Rio Tinto will contribute to the company's stable earnings, and further consolidate the foundation for business expansion in the nation.
Type of contract: Freight Service Agreement
Vessels to be placed: Large-scale bulk and iron ore carriers in the 200,000 - 250,000 DWT range
Cargo: Iron ore in bulk
Main loading ports: Western Australia (Dampier, Port Walcott)
Unloading ports: Main ports in China
Transport volume: About 8.5 million tons at the maximum
2013 February 15 17:28