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.