26
Apr
08:20
Hoa Phat signs shipping contract with Oldendorff
Leading Vietnamese steelmaker Hoa Phat Group has signed a long-term contract of affreightment (COA) with Oldendorff Shipping Company through its shipping subsidiary, Hoa Phat Shipping Company.
This is to transport iron ore to Hoa Phat's steelworks, Kallanish notes. The long-term transportation contract helps Hoa Phat Group actively control sea freight rates in the context of volatile global freight rates, Hoa Phat says.
Hoa …
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Very good overview of the weekly steel market.
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