New Bulk Carrier, Bao Guo, Delivered
November 7, 2007
On November 6, 2007, Nippon Yusen Kabushiki Kaisha (NYK; head office: Chiyoda-ku, Tokyo; president: Koji Miyahara) took delivery of a new 200,000 DWT bulk carrier, Bao Guo, built at the Tsu Shipyard of the Universal Shipbuilding Corporation (location: Tsu City, Mie Prefecture, Japan).
The bulk carrier will engage in long-term transport of iron ore for Baoshan Iron and Steel Co. Ltd., based in China. Except for the first year of the contract period, which began in 2006, 600,000 tons of iron ore is expected to be transported from Brazil each year over the final 11 years of the 12-year transport agreement.
Immediately before the delivery of the vessel, a naming ceremony was held at the Tsu Shipyard and was attended by many related parties, including, from Baosteel Group Corporation, Mr. Li Ming, former managing director; Mdm. Xie Qihua, former managing director; Mr. Zhu Erpei, former vice managing director; Mr. Ai Baojun, general manager; Mr. Dai Zhihao, vice general manager; and from NYK, Koji Miyahara, president; and Hidenori Hono, managing corporate officer. Bao Guo set off on its maiden voyage under the benevolent watch of those present.
Outline of Bulk Carrier| Length Overall | 299.70 m |
| Breadth | 50.00 m |
| Draft (design) | 18.20 m |
| Gross Tonnage (GT) | 106,367 tons |
| Deadweight Tonnage (DWT) | 208,014 tons |
| Shipbuilder | Tsu Shipyard, Universal Shipbuilding Corporation |