Mitsui O.S.K. Lines Ltd has concluded 10-year coking coal shipping contracts with Mitsubishi Chemical Corp. and Nisshin Steel Co. Under the agreements, the shipping company will make 10 round-trip circuits annually between eastern Australia and Sakaide harbor in Kagawa Prefecture using a recently launched 100,000-ton bulk freighter,

transporting 1 million tons of coal each year.

Mitsubishi Chemical turns the coal into coke at its Sakaide steelworks,
which supplies steelmakers in Japan, Europe and the U.S. Nisshin Steel,
Japan’s fifth-largest steelmaker, operates two blast furnaces at its
Kure Works in Hiroshima Prefecture but has no coking furnace.

Source: Trading Markets

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