EMSTEEL Group and Oldendorff Carriers signed a new long-term freight agreement to cover the import of EMSTEEL’s key raw materials to the UAE. The renewed contract continues to provide dedicated bulk-shipping services, ensuring safe, reliable, and responsible maritime logistics.

The agreement, structured as a five-year deal with an indicative value of around AED 600 million, builds on more than 20 years of collaboration between the two companies. Under the contract, Oldendorff Carriers will transport approximately 5.2 million tons per year of iron ore pellets from multiple sources, serving as a critical link between EMSTEEL and its suppliers.