Su’s TMT May Convert 4 Very Large Ore Ships For LNG Use
This article is for subscribers only.
TMT Co., the Taiwanese ship operator run by Nobu Su, said it may convert four very large ore carriers into liquefied natural gas tankers as it struggles to reach an agreement with miner BHP Billiton Ltd. on charter rates.
The shipping company has asked for a minimum guaranteed payment, while BHP wants to tie fees to an index tracking rates between West Australia and China, Su said in an interview in his Taipei office Oct. 16. BHP spokeswoman Eleanor Nichols declined to comment when contacted by phone.