“K” Line Group inks multiple consecutive voyage contracts with JSW Steel
Kawasaki Kisen Kaisha Ltd (“K” Line) and “K” Line (India) Shipping Pvt. Ltd (KLISP), an affiliated company of “K” Line, have successfully signed multiple mid-long term CVCs with JSW Steel Ltd, one of India’s largest steel makers, for Capesized & Supramax-sized tonnage.
This is the first contract in history for Capesized tonnage in Indian coastal trade under mid-long term CVCs, as per a “K” Line release. For Supramax, vessels owned by “K” Line (India) Shipping 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 since 2014, and has successfully renewed those contracts.
The annual transport volume for JSW Steel reaches about 10 million tonnes from existing contracts and these new CVCs, the release added.
Source: Exim News Service: Tokyo, Aug. 4