Source : WAM
EMSTEEL Group and Oldendorff Carriers have signed a new long-term freight agreement for the import of EMSTEEL’s essential raw materials into the UAE.
As part of the renewed deal, Oldendorff Carriers will continue delivering dedicated and efficient bulk shipping services for EMSTEEL’s raw material shipments, ensuring safe, dependable, and responsible maritime logistics operations.
The agreement extends a partnership spanning more than two decades, further strengthening a collaboration that has been instrumental in supporting EMSTEEL’s industrial expansion and maintaining the reliability of its supply chain.
Structured as a five-year contract with an estimated total value of around AED600 million over its duration, the agreement highlights the scale and strategic significance of the relationship between the two companies.
Under its terms, Oldendorff Carriers will handle the transportation of approximately 5.2 million tonnes of iron ore pellets (IOP) annually from various global sources. The company plays a vital role in linking EMSTEEL with its IOP suppliers, ensuring smooth coordination, consistent deliveries, and effective supply chain collaboration.
“This long-term agreement with Oldendorff Carriers reaffirms our commitment to working with trusted partners who share our values of reliability and performance,” said Eng. Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL.
He noted that the agreement guarantees a steady and efficient supply of raw materials, enabling EMSTEEL to continue producing steel that supports regional infrastructure projects, industrial progress, and sustainable development.
Patrick Hutchins, CEO of Oldendorff Carriers, said, “We are proud to continue this long-standing partnership with EMSTEEL. The collaboration between our teams over the years has been built on trust and transparency, and we look forward to further strengthening our cooperation in the years ahead.”
The renewed agreement reflects the shared dedication of both organisations to long-term partnership, operational excellence, and mutual growth, while supporting EMSTEEL’s production needs and contributing to the advancement of the region’s industrial sector.
