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Pan Ocean and Korea Line secure long-term POSCO Flow contracts for steelmaking raw materials
South Korea's Pan Ocean and Korea Line have secured separate long-term contracts from POSCO Flow worth a combined KRW167.75bn ($123.6m) to ship steelmaking raw materials into the country.
South Korean shipping companies Pan Ocean and Korea Line have secured separate long-term contracts from POSCO Flow. The combined value is KRW167.75bn ($123.6m). The contracts cover shipments of steelmaking raw materials into South Korea.
The larger deal was signed by Harim-controlled Pan Ocean, worth KRW95.83bn ($70.7m). It covers shipments of iron ore and coal, including from Australia and Canada.
No further details, such as contract duration or shipment volumes, were provided in the available report.
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