Under the five-year agreement, Oldendorff will continue to provide specialized bulk cargo delivery services, providing safe, reliable and efficient maritime logistics for Emsteel operations.
Annual transportation of 5.2 million tons of iron ore pellets
The agreement extends a partnership that has lasted for more than 20 years and supports Emsteel's industrial growth and supply chain stability. The deal, with an estimated value of about 600 million UAE dirhams ($163.38 million) over the life of the contract, reflects the strategic importance of the cooperation.
Oldendorff will handle the transportation of approximately 5.2 million tons of iron ore pellets per year from multiple sources, acting as a key logistical link between Emsteel and its suppliers.
