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NYK takes delivery of new bulk carrier

NYK takes delivery of new bulk carrier

Tokyo: Nippon Yusen Kabushiki Kaisha has taken delivery of its new 205,000dwt bulk carrier, MG Courage (pictured), built by Imabari Shipbuilding. The vessel, christened at Imabari's Saijo Shipyard, will be deployed on two contracts, the first of which is a ten-year contract with China-based Maanshan Iron & Steel (MI&S) for the transport of iron ore to China from Brazil for the first five years of the contract and from Western Australia for the next five years.

The second contract is with the European subsidiary of Korea-based SK Shipping and will run concurrently with the first five years of the contract with (MI&S). In a statement to the press, NYK said that the arrangement, "makes efficient use of the vessel after iron ore is unloaded in China, when the ship is then sailed to Australia to transport coal and iron ore to Europe before returning to Brazil to repeat the Brazil-China-Australia-Europe cycle once again."

NYK currently operates approximately 740 major ocean vessels, as well as fleets of planes, trains, and trucks. The company's shipping fleet includes around 140 containerships, 270 bulk carriers, 50 wood-chip carriers, 110 car carriers, 25 reefer carriers, 70 tankers, 20 LNG carriers, and three cruise ships.  [11/06/07]