Independent journal on economy and transport policy
10:11 GMT+2
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SHIPPING
HMM signs a contract worth about $3.5 billion with Vale
It involves the maritime transport of iron ore on behalf of the Brazilian company
Seul
September 8, 2026
South Korean shipping company HMM has announced a
deal worth approximately 4.7 trillion won (3.5 billion
with the Brazilian mining group Vale, under which a
starting from 2030, the ships of the Seoul company will transport
iron ore on behalf of the Rio de Janeiro company. The new
contract, with a duration of 25 years for each ship, follows two
contracts with Vale for a duration of ten years, relating to the
same activity, signed in May and September of last year
year and worth 636 billion and 430 billion respectively
won.
For these activities, HMM will use the eight new
Newcastlemax bulk conveyor with 210,000 deadweight capacity
ordered last June and will be taken over from 2030
(
of 25
June 2026).
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South Korean shipping company HMM has announced a
deal worth approximately 4.7 trillion won (3.5 billion
with the Brazilian mining group Vale, under which a
starting from 2030, the ships of the Seoul company will transport
iron ore on behalf of the Rio de Janeiro company. The new
contract, with a duration of 25 years for each ship, follows two
contracts with Vale for a duration of ten years, relating to the
same activity, signed in May and September of last year
year and worth 636 billion and 430 billion respectively
won.
(
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
