K Line won a 10 year coal contract

Japanese K Line won a panamax contract of affreightment for 10 years to carry coal to Malaysia. Japanese K Line established a joint venture with Halim Mazmin Group (HMG) to own a Malaysian flagged dry bulk carriers to carry coal of TNB Fuel Services which is the largest power utility in. Japanese K Line COA (contract of affreightment) with panamax dry bulk carriers will carry 1.5 million metric tons of coal per year from Indonesia, South Africa to Malaysia till 2026.