Wuhan Steel signs transport and vessel-lease contracts with Zodiac

WUHAN Iron and Steel Group Co. signed a long-term transport contract and a five-year vessel-leasing agreement with Zodiac Marine, Xinhua reported.

According to the vessel-leasing contract, Wuhan Steel will lease a 170,000 tonne vessel from Zodiac Marine. The steel manufacturer will then rent the vessel to an international shipping carrier, the report said.