Brazil's Fibria signs $636 mln ship deal with S.Korea's Pan Ocean
03/03/2017 12:48
SAO PAULO, March 3 (Reuters) - Brazil's Fibria Celulose SA
FIBR3.SA , the world's largest producer of eucalyptus pulp,
signed a $636 million shipping deal with South Korea's Pan Ocean
Co Ltd 028670.KS , according to a securities filing on Friday.
The deal, approved by Fibria's board in November, involves a
so-called "consecutive voyage contract" for five ships until
2035, with an option for the pulp maker to extend the deal by
five or 10 years.
(Reporting by Brad Haynes; Editing by Chizu Nomiyama)
((brad.c.haynes@tr.com; +55 11 5644 7725; Reuters Messaging:
brad.c.haynes.thomsonreuters.com@reuters.net))
Keywords: FIBRIA PAN OCEAN/