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🇰🇷 South Korea /Energy & Infrastructure

HMM signs 47 trillion-won transport contract with Brazilian mining giant Vale

From Chosun Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

Press release Official statement New plan
  • HMM signed a long-term transport agreement worth 4.7 trillion won with Brazilian mining company Vale.
  • The deal follows major orders announced in May and September last year and is scheduled to begin in 2030.
  • HMM ordered eight Newcastlemax bulk carriers in June for the contract, with vessels to enter service in stages from 2030.

HMM has secured a 4.7 trillion-won long-term transport contract with Brazilian mining company Vale, marking its third major order since May and September last year.

The South Korean shipping company announced the agreement on the 8th. The contract is scheduled to begin in 2030 and runs for 25 years per vessel.

HMM disclosed in June that it would order eight Newcastlemax-class bulk carriers for the business. The ships are due to enter service in stages from 2030.

About this summary

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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