Korea Line Corporation, a subsidiary of SM Group's institutional sector in shipping, said on the 27th that it has signed a long-term charter contract for the transportation of 60 billion won worth of bituminous coal with Korea East-West Power (EWP).
The contract period is three years starting from January 2026. Korea Line Corporation will transport bituminous coal for Korea East-West Power (EWP) from Australia and Canada using dedicated bulk carriers.
Korea Line Corporation explained that it continues to achieve stable revenue by focusing on long-term contracts for dedicated vessels with reliable clients, including this contract.
The company is deploying 19 bulk carriers for contracts with reliable clients such as POSCO, SNNC, Korea Electric Power Corporation, Hyundai GLOVIS, and Vale.
Additionally, Korea Line Corporation's wholly-owned subsidiary, Korea Line LNG, is using 14 liquefied natural gas (LNG) carriers for long-term transportation contracts with Korea Gas Corporation and Shell.
A representative of Korea Line Corporation noted, "We will proactively respond to internal and external uncertainties surrounding the shipping industry with strategic fleet operations," and added, "We will promote sustainable growth through continuous sales activities utilizing long-term chartered vessels."