Pan Ocean and Korea Line secure fresh POSCO Flow cover

AI Summary

South Korean shipowners Pan Ocean and Korea Line secured separate long-term contracts with POSCO Flow worth a combined KRW167.75 billion ($123.6 million). They will transport steelmaking raw materials, including iron ore and coal, from Australia, Canada and other origins to South Korea.

South Korea’s Pan Ocean and Korea Line have secured separate long-term contracts from POSCO Flow worth a combined KRW167.75bn ($123.6m) to move steelmaking raw materials into the country. Harim-controlled Pan Ocean has signed the larger of the two deals, a KRW95.83bn ($70.7m) contract covering shipments of iron ore and coal from Australia, Canada and other …