Korea Line signs 72 billion-won cargo contract with POSCO Flow

Oct 1, 2026 01:36 (24d ago)

Korea Line signed a long-term cargo contract with POSCO FLOW.
The agreement is worth 72 billion won and runs through January 2030.
Korea Line has secured 187 billion won in long-term contracts.

Korea Line (005880.KS), the shipping arm of SM Group, signed a three-year-and-three-month cargo transport contract with POSCO FLOW, POSCO Group’s logistics unit, valued at 72 billion won ($51.7 million). Announced on October 1, the agreement runs from this month through January 2030 and covers shipments of iron ore and coal from Australia, Canada and Brazil to South Korea for POSCO’s steelmaking operations. The contract brings Korea Line’s secured long-term deals to 187 billion won, including agreements with Hyundai Glovis and China’s Zhejiang Shipping. Korea Line and Korea Line LNG operate 32 dedicated vessels, while the company’s debt-to-equity ratio stood at 64% in the second quarter.