“K” Line Wins Capesize CVC Contracts From JSW Steel

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Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and “K” Line (India) Shipping Private Ltd., (KLISP) affiliated company of “K” LINE, have successfully signed the multiple mid-long term CVCs with India’s one of the largest steel makers JSW Steel Ltd. for Capesized tonnage & Supramax sized tonnage, reads an official press release.

First contract for capesize

For Capesize, this is the first contract in history that Capesized tonnage perform Indian coastal trade under mid-long term CVCs. For Supramax, vessels owned by “K” LINE (INDIA) SHIPPING PRIVATE LIMITED has been performing both Indian coastal and international trade for carrying a variety of cargoes such as iron ore, coal, limestone, and Steel Products of JSW Steel Ltd. since 2014 R1) and successfully renewed those contracts.

As a result, annual transport volume for JSW Steel reaches about 10 million tons from existing contracts and these new CVCs.

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Source: “K” Line

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