NS United Kaiun Kaisha (NSU) signs 25-Year Contract with Vale

By Curious

NS United Kaiun Kaisha, Ltd. (NSU) announced on Monday that it has entered into another 25-year contract of affreightment (COA) to transport Brazilian iron ore with the world’s largest iron ore producer Vale on November 27th, 2017.

NS United Kaiun Kaisha (NSU) signs 25-Year Contract with Vale

The contract comprises transportation of an estimated volume of 40 million tons throughout the contract years by NSU’s new-built 400,000dwt eco-type ore carrier and will commence in the first half of 2020 on the major service route between Brazil and China.

This COA follows the 25-year contract between NSU and Vale concluded in December 2016 which will commence in the second half of 2019.

As NSU targets a large portfolio of domestic and overseas customers in accordance with its Mid-Term Business Plan (FY 2017-2019), NSU is confident that this new long-term business will contribute to efficient and stable transport for Vale’s export expansion strategy.

Source: NSU