Stable and economic transport of bulk raw materials gives manufacturing (steel industry) a competitive advantage.
The group transports iron ore, coal, limestone, and nickel ore, the primary raw materials used to produce steel and ferronickel in steel mills and electric furnaces, respectively, from home and abroad. Iron ore, coal, and nickel ore are imported 100%, mostly from Australia, Brazil, Canada, Russia, China, the US, and New Caledonia. The group signs various contracts, from long-term CVC contracts to COA and spot charter contracts, on transportation of bulk raw materials for POSCO subsidiaries that amount to over 84 million tons a year. We are increasing the profitability of shippers by delivering raw materials on time at competitive prices based on our expertise, from market analysis and the ability to operate diverse dry bulk carriers, ranging from small carriers to 300,000 ton carriers, to vast understanding on the purpose of given cargo.