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China Merchants signs Simandou VLOC transport deal worth at least $2.8bn
China Merchants Energy Shipping said its dry bulk arm Hong Kong Ming Wah signed a 25-year transport agreement worth at least $2.8bn covering six very large ore carriers (VLOCs) in the emerging Simandou iron ore trade.
Shanghai-listed China Merchants Energy Shipping (CMES) said its dry bulk arm, Hong Kong Ming Wah, signed a long-term transportation agreement with a customer.
The agreement covers six very large ore carriers (VLOCs), runs for 25 years and is worth at least $2.8bn. It is tied to the emerging Simandou iron ore trade.
The supplied report is truncated after mentioning the six VLOCs and does not provide further terms or the customer’s identity.
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