AsiaDry Cargo

K Line seals significant charters with Indian steel mill

Japan’s Kawasaki Kisen Kaisha (K Line) has signed a series of landmark consecutive voyage charter agreements (CVCs) with one of India’s largest steel mills, JSW Steel, getting lots of work for its Indian-flagged subsidiary’s cape and supramax fleet.

The deal signed marks the first time ever that capesizes have been deployed in India’s coastal trades under mid- to long-term CVCs. Together with existing freight agreements in place, K Line will now be shifting around 10m tonnes of cargoes for JSW Steel annually. No price or vessel specifics have been revealed.

K Line first established a dedicated Indian subsidiary in 2008 and has since increased its footprint in the world’s second most populous nation considerably.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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