Fibria Inks $636 mln Ship Deal with Pan Ocean

Posted by Joseph Keefe

Brazil's Fibria Celulose SA , the world's largest
producer of eucalyptus pulp, signed a $636 million shipping deal
with South Korea's Pan Ocean Co Ltd, 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

Mar 3, 2017

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