K Line to transport iron ore for Hyundai subsidiary

Japanese ocean carrier K Line said Friday that it has signed an agreement with Glovis Co., Ltd., a Seoul-based logistics subsidiary of Hyundai Motor Co., for a 20-year consecutive voyage charter contract.

Starting from 2012, K Line will use a dedicated very large ore carrier to transport iron ore consigned to Hyundai Steel Co. from the western coast of Australia to South Korea. 

Source: American Shipper