OREANDA-NEWS. Mitsui O.S.K. Lines, Ltd. announced that its group subsidiary MOL Cape (Singapore) Pte. Ltd. has concluded 20-year Freight Service Agreement for 200,000-ton-plus class iron ore carriers with Rio Tinto.

Based on the contract, MOL Cape will place several large-scale carriers to transport iron ore mainly from Australia to China.

MOL Cape has independently developed business in Singapore. Conclusion of the long-term contract with Rio Tinto will contribute to the company's stable earnings, and further consolidate the foundation for business expansion in the nation.

The MOL Group continually strives to offer safe, reliable ocean transport services using its advanced safe operation system to meet continually expanding demand for resource transport.