HMM secures $3.5 bil. shipping contract with Brazil's Vale
Korean shipper HMM said Tuesday it has secured a 4.7 trillion-won ($3.5 billion) long-term shipping contract with Brazilian mining giant Vale. Under the deal, HMM will transport bulk cargo for Vale using eight newly built vessels, which will be delivered sequentially from 2030 and operated under 25-year contracts. The latest contract marks HMM's third major deal with Vale, following two 10-year…
Korean shipping company HMM has secured a $3.5 billion long-term shipping contract with Brazilian mining giant Vale. The deal involves transporting bulk cargo for Vale using eight newly built vessels, which will be delivered sequentially from 2030 and operated under 25-year contracts. HMM's third major contract with Vale, the eight 210,000-ton Newcastlemax bulk carriers will feature tri-fuel propulsion engines and environmentally friendly technologies, such as rotor sails, to improve fuel efficiency and reduce carbon emissions.
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- HMM secures 4.7 tln-won shipping contract with Brazil's Vale en.yna.co.kr
- HMM secures $3.5 bil. shipping contract with Brazil's Vale koreatimes.co.kr
