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“EMSTEEL” and “Oldendorff Carriers” Sign AED 600 Million Five-Year Raw Material Freight Agreement | premargin

“EMSTEEL” and “Oldendorff Carriers” Sign AED 600 Million Five-Year Raw Material Freight Agreement

·ADX·General Disclosure | General Press Release·February 17, 2026·View on exchange

AI Summary

EMSTEEL signed a five-year raw material freight agreement with Oldendorff Carriers with a total indicative value of approximately AED 600 million.
The agreement involves the annual transportation of approximately 5.2 million tonnes of iron ore pellets (IOP) to support EMSTEEL’s production requirements in the UAE.

The contract renews a long-standing partnership of over 20 years between the two companies for bulk-shipping and maritime logistics.

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“EMSTEEL” and “Oldendorff Carriers” Sign AED 600 Million Five-Year Raw Material Freight Agreement

EMSTEEL BUILDING MATERIALS

EMSTEEL BUILDING MATERIALS