Hyundai Glovis wins $500m COA from Qatar

Hyundai Glovis wins $500m COA from Qatar

Qatar Primary Materials Co (QPMC) has contracted Hyundai Glovis to carry 50m tons of aggregates from the UAE and Oman to southern Qatar in a deal worth $500m.

The contract of affreightment (COA) period will run from January 2016 until December 2020.

Hyundai Glovis plans to deploy around 20 panamax bulk carriers to carry the aggregates, which consist mostly of pebble and sand, for QPMC, which supplies building materials to construction projects in Qatar.

The South Korea-based carrier currently has three capesizes and one panamax in its owned fleet of bulkers, plus another two under construction in China.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

Related Posts