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NYK and Baosteel rivet relationship

NYK and Baosteel rivet relationship

Tokyo: Nippon  Yusen  Kaisha has entered into another long-term contract with China's leading steel mill Baoshan  Iron  & Steel Co, for the transport of iron ore from Western Australia over a period of 12.5 years. The  contract  calls for transporting 1.7 million tons of iron ore per year from  Western Australia to China for two and a half years from July 2006 to the  end of 2008, and 2.3 million tons per year for 10 years from 2009. For this  transport,  NYK plans to deploy a bulk carrier currently in operation until  the  end  of 2008 and a 230,000-ton bulk carrier, to be newly built, from 2009. In  2003,  NYK  became  the  first  Japanese  shipping  firm  to conclude a long-term  contract with Baoshan Iron & Steel for the transport of iron ore from Western Australia. Then in 2005, NYK entered into a long-term contract with the same Chinese steelmaker for the transport of iron ore from Brazil.  [14.07.06]

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