MOSCOW, June 2. /TASS/. Russia’s aluminium producer Rusal and the world's largest container shipping company Maersk Line have signed a three-year letter of intent for long-term cooperation in the maritime transport sector, Rusal reported Thursday.
"Under the agreement, Rusal and Maersk Line have agreed to cooperate for the long-term with regard to cargo container shipments of Rusal’s products, particularly aluminum and alloys, by Maersk’s container fleet and ships," the report said.
The cargo volume is estimated at up to 10,000 containers per year, Rusal said. The agreement is valid for three years with the possibility of further extension.
"The aim of the agreement is the joint search for the most optimal logistic solutions aimed at optimizing costs for both parties," Rusal CEO Vladislav Soloviev was quoted as saying.