Tangshan and Far East Marine ink iron ore shipping contract

June 26, 2008

June 26th (Steel Guru) – It is reported that, Tangshan Iron and Steel Group and Shandong Far East Marine Group signed 15 years imported iron ore ocean shipping contract. Mr Jiang Siyuan CEO of Shandong Far East Marine Group and Mr Duan Guojing GM of Tangsteel Trading Company signed the contract.

The cooperation between Tanggang Group and Shandong Far East Marine Group is the important move for Tanggang Group’s continuous development.

Shandong Far East Marine Group is an international enterprise group that put the ocean shipping as the main industry, and operation of diversification, the integrated capacity can reach 10 million tonnes. In order to better implement the contract, the company and South Korea C & Heavy Industries Company Ltd signed a new three 180,000 tonnes bulk carriers contract on the base of the existing vessels.

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