• ITVI.USA
    15,378.070
    -88.350
    -0.6%
  • OTLT.USA
    2.743
    0.001
    0%
  • OTRI.USA
    20.820
    0.290
    1.4%
  • OTVI.USA
    15,350.040
    -89.040
    -0.6%
  • TSTOPVRPM.ATLPHL
    3.280
    -0.020
    -0.6%
  • TSTOPVRPM.CHIATL
    3.190
    0.050
    1.6%
  • TSTOPVRPM.DALLAX
    1.560
    -0.030
    -1.9%
  • TSTOPVRPM.LAXDAL
    3.420
    0.090
    2.7%
  • TSTOPVRPM.PHLCHI
    2.220
    0.050
    2.3%
  • TSTOPVRPM.LAXSEA
    4.080
    0.000
    0%
  • WAIT.USA
    126.000
    1.000
    0.8%
  • ITVI.USA
    15,378.070
    -88.350
    -0.6%
  • OTLT.USA
    2.743
    0.001
    0%
  • OTRI.USA
    20.820
    0.290
    1.4%
  • OTVI.USA
    15,350.040
    -89.040
    -0.6%
  • TSTOPVRPM.ATLPHL
    3.280
    -0.020
    -0.6%
  • TSTOPVRPM.CHIATL
    3.190
    0.050
    1.6%
  • TSTOPVRPM.DALLAX
    1.560
    -0.030
    -1.9%
  • TSTOPVRPM.LAXDAL
    3.420
    0.090
    2.7%
  • TSTOPVRPM.PHLCHI
    2.220
    0.050
    2.3%
  • TSTOPVRPM.LAXSEA
    4.080
    0.000
    0%
  • WAIT.USA
    126.000
    1.000
    0.8%
American Shipper

?K? Line signs first long-term bulk contracts with Baosteel

ôKö Line signs first long-term bulk contracts with Baosteel

   Japan’s 'K' Line has signed its first-ever long-term bulk transport contracts with China's largest iron and steel manufacturer, Baoshan Iron & Steel Co. Ltd.

   The first of two contracts will start later this year for a period of three years with a new 185,000 deadweight ton carrier transporting about 500,000 tons of iron ore from Brazil to China. The second, 10-year agreement, will start in the second half of 2008 with a new 200,000-dwt ship moving about 2.4 million tons of iron ore from Western Australia to China.

   'K' Line has transported iron ore to Baosteel under short-term agreements since 1994.

   ' 'K' Line ranks the involvement in the fast-growing Chinese market as one the most important management issues,' the Japanese carrier said in a statement. 'The conclusion of the contracts is a part of such management strategy, and 'K' Line will continue active involvement in the coal and iron ore transportation business in the Chinese market.'

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