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NYK secures breakthrough CVRD long term contract

NYK secures breakthrough CVRD long term contract

Tokyo: Nippon Yusen Kaisha has bagged its first long term contract with Brazilian ore giant Companhia Vale do Rio Doce.

The contract to transport approximately 1.3 million tons of iron ore from Brazil to China, starting in 2011, will use a new 300 thousands ton iron ore carrier shuttle to be built at Nantong COSCO KHI Ship Engineering Co., Ltd.

The deal also marks the first transportation contract using a new generation ship of 300,000 dwt very large ore carrier (VLOC) that NYK has signed with a non Japanese or Chinese customer. "NYK is honoured to provide the large scale modern ore carrier to CVRD," the Japanese firm said in a statement.  [08/05/07]