KSS Line (CEO Yoon Jang-hui) and Japanese Mitsubishi Corp. signed a transportation contract worth KRW 5.9 billion (about USD 5.15 million) on June 27th.
The contract for vinyl chloride (VCM) transportation has been expanded for 1 year since the two companies originally contracted on June 13th, 2011.
KSS Line explained the company has no onerous burden for high oil prices as fuel costs and port charges are covered by charterers.
Meanwhile, KSS Line has been providing transportation services to LGIC and Hanwha Chemical for over 10 years.
KSS expects it could maintain stable growth with long-term contracts like its recent deal with Mitsubishi. Long-term contracts account for 74% of KSS’ total sales. < 김보람 기자 brkim@ksg.co.kr >
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