Subscribe to RSS feedNYK inks 20-year Rio Tinto iron ore deal to start in 2013
by
Hui Ching-hoo
—
last modified
Jan 11, 2010 12:40 PM
JAPANESE shipping company Nippon Yusen Kabushiki Line has secured its first 20-year charter agreement with miner Rio Tinto to transport iron ore from Western Australia to China.
Under the agreement, NYK will deploy a 250,000 dwt very large ore carrier.
Shipments will start from 2013.
NYK could not be reached at the time of writing to confirm whether it would use its own tonnage or use chartered-in...
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