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NS United Kaiun Kaisha Ltd signs another 25-year contract of affreightment with Vale

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Dry Bulk,

On 27 November 2017, Japan-based marine business, NS United Kaiun Kaisha Ltd (NSU), entered into another 25-year contract of affreightment (COA) to transport Brazilian iron ore with the world’s largest iron ore producer Vale.

The contract comprises transportation of an estimated volume of 40 million short t throughout the contract years by NSU’s new-built 400 000 dwt 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 agreement will contribute to efficient and stable transport for Vale’s export expansion strategy.

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