POSCO FLOW
Supports Stable National Core Industries
with Reliable and Competitive
Raw Material Transportation
Through diversified dry bulk vessel operations and chartering agreements, major steel raw materials, including iron ore, coal, limestone, and nickel ore, are transported at competitive freight rates, supporting the stable steelworks operations.
POSCO FLOW's
Competitive Strengths
in Steel Raw Materials Logistics
Voyage Charter
A contract for transporting cargo using a designated vessel over a specific period or route.
Affreightment
A long-term ocean transportation contract for transporting designated cargo over a fixed period without assigning a specific vessel.
Contract
A single-voyage contract arranged on a short-term basis according to market freight rates.
Supporting stable raw material supply chains
through integrated ocean logistics operations and management.
Based on contracted cargo volumes, various types of dry bulk vessels are secured to transport bulk cargo such as iron ore and coal at optimized freight rates and schedules.
The entire raw material transportation process is managed in an integrated manner, from transportation planning and shipment scheduling to chartering arrangements.
Works closely with purchasing departments to coordinate supply volumes, delivery timing, and vessel deployment, ensuring stable production operations.
POSCO FLOW's
Steel Raw Materials Transportation Process
Managing every stage of raw material ocean transportation, from port loading and vessel operations to final discharging port.
Steel Raw Materials Transportation Process
Delivering more competitive, diversified, and sustainable
ocean transportation solutions for steel raw materials
Strategic Charter Contract
Portfolio Management
Competitive freight rates are secured through long-term CVC-based contracts and flexibly managing a portfolio of long- and short-term charter contracts, including COA and SPOT, to respond effectively to changes in global shipping markets and demand.
Expansion of Global Raw Material
3PL Business
Building on large-scale bulkd ocean transportation, new business opportunities are being developed with overseas steel customers and raw material suppliers, while preparations are underway to expand raw material logistics services to customers beyond the group.
Transition to Environmentally Friendly
Shipping and Leading Low-Carbon
Raw Material Transportation
A sustainable raw material transportation system is being established through the simultaneous development of an environmentally friendly vessel transition roadmap* in response to maritime environmental regulations, as well as a direct transportation system for HBI, a key raw material for hydrogen-based steelmaking.
*Gradual phase-out of existing fossil fuel-powered vessels (through 2030) -> Introduction of bridge-fuel vessels (through 2040)->Introduction of alternative fuel-powered vessels (from 2040 onward)
An Integrated Raw Material Logistics Network Connecting Global Resource Procurement and Ocean Transportation
Global shipping routes connecting major resource-producing countries with the Pohang and Gwangyang steelworks support an efficient raw material supply chain.