Denmark's Torm has sealed a five-year contract of affreightment with a large Chinese steel mill but is staying quiet on the financial details.
China Nickel Resources (CNR) Holdings has penned the deal with the diversified shipowner which starts as early as next month.
Curiously Torm's announcement on Thursday refers to the contract being executed by a fleet of "geared/grabbed handymax vessels" of which the owner appears to have none.
The
