South Korean navigable company Pan Ocean announced the signing of a five-year iron ore contract with the Brazilian manufacturer of iron ore Vale, strengthening its positions on the global wholesale transportation market.
cost 113.6 billion South Korean won ($ 82,82 Milln), will operate from October 1, 2026 to September 30, 2031, covering the transportation services of iron ore between Brazil, China and other main directions.
details contract
According to the disclosure of the company's information, the cost of the contract is 2.2 percent of the total sales of Pan Ocean. fluctuations in the exchange rate, factors that greatly affect global transportation costs.
