Mitsui to ship coal for Mitsubishi Chem, Nisshin Steel.
Mitsui O.S.K. Lines Ltd has concluded 10-year coking coal shipping contracts with Mitsubishi Chemical Corp. and Nisshin Steel Co. Under the agreements, the shipping company will make 10 round-trip circuits annually between eastern Australia and Sakaide harbor in Kagawa Prefecture using a recently launched 100,000-ton bulk freighter, transporting 1 million tons of coal each year.
Mitsubishi Chemical turns the coal into coke at its Sakaide steelworks, which supplies steelmakers in Japan, Europe and the U.S. Nisshin Steel, Japan's fifth-largest steelmaker, operates two blast furnaces at its Kure Works in Hiroshima Prefecture but has no coking furnace.