An agreement to establish a 50:50 joint venture shipping company has been signed between India’s Tata Steel and Japan’s NYK Line.

The joint venture will transport large quantities of iron ore, coke and finished steel with the volume of cargo maybe exceeding 250m tonnes a year.

Coiled products from the Jamshedpur mills.
The deal has been in negotiation for months but was signed by NYK director, Hiromitsu Kuramoto and Tata Steel managing director, B Muthuraman.

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