Vietnamese steel maker Hoa Phat Group’s Hoa Phat Shipping Company has signed a long-term contract of affreightment with Oldendorff Shipping Company to transport iron ore to Hoa Phat’s Complexes for production. The signing of a long-term transportation contract helps Hoa Phat Group actively control sea freight rates in the context of volatile freight rates in the world. In addition, with the long-term cooperation, partners will apply preferential rates for Hoa Phat Group.By signing a contract to transport ore with the world famous shipping firm Oldendorff of Germany, Hoa Phat Group has stabilized freight prices in cases of large fluctuations in freight rates.Established in 1921, with more than 100 years of experience in logistics, a system of office in 20 countries and territories around the world and a fleet of 750 vessels, Oldendorff is one of the leading shipping firms in the world. With competitive capacity and services, Oldendorff can meet Hoa Phat Group's long-term and stable ore transportation needs in large quantities.In addition, the Hoa Phat Shipping Company directly owns a fleet of 3 vessels of the Kamsarmax series with a capacity of 80,000-90,000 tonnes transporting bulk cargo, serving part of the demand for transporting coal and ore materials for the Hoa Phat Group. The group's fleet development strategy is to meet the needs of internal transportation and the huge demand for bulk transport in the market.
Vietnamese steel maker Hoa Phat Group’s Hoa Phat Shipping Company has signed a long-term contract of affreightment with Oldendorff Shipping Company to transport iron ore to Hoa Phat’s Complexes for production. The signing of a long-term transportation contract helps Hoa Phat Group actively control sea freight rates in the context of volatile freight rates in the world. In addition, with the long-term cooperation, partners will apply preferential rates for Hoa Phat Group.By signing a contract to transport ore with the world famous shipping firm Oldendorff of Germany, Hoa Phat Group has stabilized freight prices in cases of large fluctuations in freight rates.Established in 1921, with more than 100 years of experience in logistics, a system of office in 20 countries and territories around the world and a fleet of 750 vessels, Oldendorff is one of the leading shipping firms in the world. With competitive capacity and services, Oldendorff can meet Hoa Phat Group's long-term and stable ore transportation needs in large quantities.In addition, the Hoa Phat Shipping Company directly owns a fleet of 3 vessels of the Kamsarmax series with a capacity of 80,000-90,000 tonnes transporting bulk cargo, serving part of the demand for transporting coal and ore materials for the Hoa Phat Group. The group's fleet development strategy is to meet the needs of internal transportation and the huge demand for bulk transport in the market.
