View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
September 20, 2009

STX to Sign Iron Ore Freight Deal

South Korean dry bulk carrier STX Pan Ocean is planning to sign a KRW6tn ($4.97bn) contract of affreightment (COA) with Brazilian ore supplier Vale for eight vessels. The 400,000dwt very large order carriers will be used for STX’s sister company STX Offshore & Shipbuilding, the co

By cms admin

South Korean dry bulk carrier STX Pan Ocean is planning to sign a KRW6tn ($4.97bn) contract of affreightment (COA) with Brazilian ore supplier Vale for eight vessels.

The 400,000dwt very large order carriers will be used for STX ’s sister company STX Offshore & Shipbuilding, the company said.

The shipping company is believed to be carrying around 300 million tonnes of iron ore and will transport 12-13 million tonnes of iron ore a year for Vale .

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Ship Technology