China Merchants locks in $2.8bn Simandou VLOC contract
China Merchants Energy Shipping has signed a 25-year agreement worth at least $2.8 billion to transport iron ore from Guinea’s emerging Simandou trade. Its Hong Kong Ming Wah dry-bulk arm will provide six very large ore carriers under the contract.
China Merchants Energy Shipping Simandou iron ore VLOCs long-term contract
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China Merchants locks in $2.8bn Simandou VLOC contract
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