Friday, February 5, 2010

Mitsui OSK Signs Ten-Year Coke Shipping Agreement

Mitsui O.S.K. Lines Ltd has concluded 10-year coking coal shipping contracts with Mitsubishi Chemical Corp. and Nisshin Steel Co which will see the shipping company transport one million tons of coal each year.

Mitsui OSK will make 10 round-trip circuits annually between eastern Australia and Sakaide harbour in Japan using a recently launched 100,000-ton bulk freighter.

Mitsubishi Chemical will turn the coal into coke at its Sakaide coke plant. Nisshin Steel, Japan's fifth-largest steelmaker, operates two blast furnaces at its Kure Works in Hiroshima Prefecture but has no coking furnace and receives coke from Mitsubishi Chemical and other producers.

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