Fibria approves vessel affreightment for pulp transportation with Norway’s Saga Welco [Link]

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Fibria approves vessel affreightment for pulp transportation with Norway’s Saga Welco [Link]

July 15, 2015 - 14:50
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Fibria's board of directors on June 18 approved an Affreightment Agreement of Vessels, owned or operated by Saga Welco AS of Norway, to the transportation of bleached eucalyptus pulp of the company and/or its controlled companies, which could include, at the company's criteria, part of the pulp produced by Horizonte 2 Project, for an initial period of five years and six months, beginning on July 1, 2016.

It may be extended for five years.

The estimated amount related to the period of this agreement is $750 million, Fibria said.

[For the full announcement, click here.]