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JSW firms sign coal shipping deal with Japanese co
March 18, 2008: JSW Steel Group has signed a $2 billion deal with a Japanese shipping firm for transportation of coal over ten years. JSW Steel and JSW Energy have contracted Tokyo-based Kawasaki Kisen Kaisha Ltd to ship coking coal and steaming coal on ten vessels.
Ports of loading under these contracts could vary, but the coal will be imported exclusively from Australia and Indonesia. The transport volume for the two companies could reach 12 million tonnes by 2015, when all the vessels enter the service.
Source: Business Standard