MOL signs long-term iron ore transport contract

Baird Maritime

Published:23rd Oct, 2009 at 5:55 AM

On October 19, Mitsui OSK Lines (MOL), Japan, signed a long-term iron ore transport contract with the Jiangsu Shagang Group of China.

Shen Wenming, Vice President, Jiangsu Shangang Group and Kenichi Nagata, Managing Executive Officer, MOL

MOL will transport iron ore from Australia and Brazil to Jiangsu Shagang.

A 207,000-tonne iron ore carrier, to be constructed at the Universal Shipbuilding Corporation for the contract, is scheduled for completion in late 2011.The vessel will have a length of 300 metres, a beam of 50 metres and a draught of 18.2 metres.