Hanjin signs coal transport deal
Hanjin Shipping has signed a 15-year consecutive voyage contract with Korea Midland Power Co. (KOMIPO), the carrier said Friday.
Hanjin will deploy a Panamax vessel to transport 1.3 million tons of coal annually from Indonesia, Australia and Canada to Korea. In all, the contract calls on the Korean carrier to transport 19.5 million tons of coal through 2025. Hanjin estimates the contract will bring in roughly $162 million in revenue.
Last year, Hanjin signed a consecutive voyage contract with Korean steel maker POSCO.
Hanjin signs coal transport deal
