Printer Friendly

MOL Cape Inks Long-term Iron Ore Transport Deal with Rio Tinto.

Tokyo, Feb 18, 2013 - (JCN) - Mitsui O.S.K. Lines, Ltd. announced that its group subsidiary MOL Cape (Singapore) Pte. Ltd. (MOL Cape) has concluded 20-year Freight Service Agreement for 200,000-ton-plus class iron ore carriers with Rio Tinto.

Based on the contract, MOL Cape will place several large-scale carriers to transport iron ore mainly from Australia to China.

MOL Cape has independently developed business in Singapore. Conclusion of the long-term contract with Rio Tinto will contribute to the company's stable earnings, and further consolidate the foundation for business expansion in the nation.

JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K.
COPYRIGHT 2013 Japan Corporate News Network K.K.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2013 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:JCNN News Summaries
Date:Feb 19, 2013
Previous Article:JX NOEX Field Development Plan approved for Mariner in UK North Sea.
Next Article:JAL, ANA World's Best in Separate FlightStats Awards Categories.

Terms of use | Privacy policy | Copyright © 2022 Farlex, Inc. | Feedback | For webmasters |