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NYK signs CAPCO coal transportation contract

NYK signs CAPCO coal transportation contract

Tokyo: NYK has signed a long-term contract with Castle Peak Power Co (CAPCO) to transport steaming coal, mainly from Indonesia to Hong Kong, by two bulk carriers for a period of up to eight years starting in April 2010.

A signing ceremony held at the NYK head office on April 13 was attended by Kim Teck Neo, chairman of CAPCO, Richard Lancaster, managing director of CLP Power Hong Kong Ltd., and NYK president Yasumi Kudo.

NYK has been transporting steaming coal for CAPCO since the 1981 opening of CAPCO's first power station. At the meeting after the signing ceremony, Kudo expressed his gratitude to CAPCO for the trust that it has placed in NYK over the 30 years, and emphasised the efforts that will be made for a further safe and stable transport of this steaming coal.  

CAPCO is a joint venture between ExxonMobil Energy Ltd. (60%) and CLP Power Hong Kong.  [16/04/10]