Pan Ocean wins Vale iron ore transport contract

Image: Welte
Image: Welte – The Pan Ocean bulk carrier Pan Viva

South Korea’s Pan Ocean Shipping has been awarded a contract to transport iron ore from Brazil to China.

Brazil’s Vale awarded the US$113 million contract, which has a duration of five years from October 2020.

Pan Ocean has stated that it will invest in the construction of two additional iron ore carriers following the awarding of the contract.

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