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NYK wins long-term coal freight contract with Vietnam-based power plant

Shipments will begin in 2023 with the volume expected to be up to 3.4m tonnes annually. Coal supplies will come mainly from Australia and Indonesia for a new coal-fired power plant to be constructed by Japanese conglomerate Sumitomo Corporation

NYK has a new strategy of seeking to control exposure to volatile market conditions by maintaining and expanding long-term dry bulk freight contracts

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