China’s Wuhan Iron and Steel (Group) Corporation (WISCO) signed a long-term transport agreement with China Shipping Group (China Shipping), reports MetalTorg.ru.

Due to the contact, China Shipping will WISCO 3 dry cargo vessels of 230 thousand tons capacity and 2 dry cargo ships of 300 thousand tons capacity to supply 5 mn tons of ore annually.

The contact’s term is 20 years.