Liaoning Province based Chinese steel producer Anshan Iron and Steel Group has inked an agreement to establish a shipping company with China largest liner shipping firm China Ocean Shipping Company.

Under the framework of the agreement, Anshan Steel and COSCO will jointly invest to set up a new shipping company, thereby further strengthening strategic cooperation between the two sides in the area of ocean shipping.

In 2009, COSCO built a 300,000 tonnes super large iron ore vessel for Anshan Steel, specifically for the delivery of import iron ore cargos from Brazil.

(Sourced from SteelOrbis)
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