Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Hyundai Merchant in $315m iron ore shipping deal

Hyundai Merchant in $315m iron ore shipping deal

Seoul: Hyundai Merchant Marine and ShangDong Far East Marine have signed a $315m contract to ship iron ore to China. The two companies will transport 23m tonnes of iron ore to China over the next 15 years for Hebei Steel Group. The shipments include 1.5m tonnes of iron ore a year from Brazil and Australia. "China has the largest steel market in the world, and we will continue to expand our market presence there," said HMM. [13/04/10]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.