Shenzhen Ocean Shipping and Baosteel sign second three-year contract

China's Guangdong Province-based Shenzhen Ocean Shipping Company, a subsidiary of China Ocean Shipping (Group) Co. (COSCO), has signed a second three-year ocean shipping contract with Shanghai-based Chinese steelmaker Baosteel within the scope of their long-term agreement signed in 2004. Detailed information regarding the contract has not been disclosed. The previous three-year contract signed in 2007 related to volumes, freight charges, etc, for the shipping of imports of coal and iron ore.