‘K’ LINE Group signs consecutive voyage contracts with JSW Steel Ltd
Published by Jessica Casey,
Editor
Dry Bulk,
Kawasaki Kisen Kaisha, Ltd (‘K’ LINE) and ‘K’ Line (India) Shipping Private Ltd, (KLISP) affiliated company of ‘K’ LINE, have successfully signed the multiple mid-long term consecutive voyage contracts (CVCs) with one of India's largest steel makers, JSW Steel Ltd, for capesize and supramax sized tonnage.
For capesize, this is the first contract in history that capesized tonnage will perform Indian coastal trade under a mid-long term CVCs. For supramax, vessels owned by KLISP have been performing both Indian coastal and international trade for carrying a variety of cargoes such as iron ore, coal, limestone, and steel products of JSW Steel Ltd since 2014, and has successfully renewed those contracts.
As a result, annual transport volume for JSW Steel will reach approximately 10 million t from existing contracts and these new CVCs.
‘K’ Line (India) Private Limited (KLIN) was established with strong joint venture partner in 2008 to expand businesses in India. Today, KLIN manage ‘K’ LINE group's bulk carrier operations (post-fixtures) from India. KLISP was established in 2014 as Indian flagged ship owning company. ‘K’ LINE group continuously strengthen relations with JSW Steel as the one of the most strategic business partners in India.
In the company’s Medium-Term Management Plan published on May 2022, ‘K’ LINE defined iron ore carrier business as one of the top priority areas for driving growth and aiming to strengthen customers coverage and relationship for dry bulk business in Asia. ‘K’ LINE group will fulfil customer’s increasing transport demands and environmental needs such as emissions reduction and decarbonisation for the sustainable growth of business and development of the society.
Read the article online at: https://www.drybulkmagazine.com/shipping/01082022/k-line-group-signs-consecutive-voyage-contracts-with-jsw-steel-ltd/
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