South Korea’s Pan Ocean has agreed with key client Vale to shave off a massive $13bn from a consecutive voyage contract (CVC) it inked with the Brazilian miner in 2009, citing lower than anticipated fuel bills. The contract of affreightment signed on September 21, 2009 called for the shipping of...
https://splash247.com/pan-oceans-vale-coa-deal-slashed-by-13bn/