$31m bulker deal locks Korea Line into China’s iron ore routes

CLAVE 1 / 4Korea Line has signed a KRW42.08bn ($31.38m) bulker charter with China’s Zhejiang Shipping.

CLAVE 2 / 4The nominal period runs from October 25, 2026 to October 25, 2029, with an actual duration of 33.5–38.5 months.

CLAVE 3 / 4The vessel will trade on major iron ore, coal and grain routes linking China, Brazil and Australia.

CLAVE 4 / 4Korea Line’s dedicated bulker fleet totals 3.42m dwt, with 20 bulkers currently in operation.

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