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Nippon Yusen to ship iron ore for Baoshan
(CRIENGLISH.com)
Updated: 2004-08-31 16:58
Nippon Yusen KK, Japan's largest shipping company, says it has agreed to ship
Brazilian iron ore to China for the Baoshan Iron & Steel Corp over a 12-year
period.
Shipments will begin in the first half of 2006. By 2008, Nippon Yusen will be
using a purpose-built ship with a capacity of 200,000 metric tons to perform the
contract.
Nippon Yusen has an existing shipping contract with Baoshan, China's biggest
publicly traded steel producer, to ship ore from Western Australia for 10
years.
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