EMSTEEL Group has signed a five-year freight agreement valued at USD 600 million with Oldendorff Carriers to ensure the reliable import of iron ore, reinforcing industrial growth in the United Arab Emirates. The long-term logistics partnership strengthens supply chain stability for one of the country’s leading steel manufacturers and supports the broader objectives of sustainable industrial expansion.
Under the agreement, Oldendorff Carriers will provide dedicated dry bulk shipping services to transport iron ore to the United Arab Emirates, ensuring consistent and cost-efficient raw material supply. Iron ore remains a critical input for steel production, and securing reliable freight capacity mitigates risks associated with global shipping disruptions, price volatility and geopolitical uncertainties. This strategic move enhances operational continuity and production efficiency for EMSTEEL Group.
The partnership reflects a forward-looking procurement and logistics strategy aimed at safeguarding industrial resilience. By locking in freight capacity over five years, EMSTEEL Group improves cost predictability and strengthens long-term planning capabilities. Reliable maritime logistics also enable the company to meet growing domestic and regional demand for construction-grade steel and infrastructure materials.
The agreement contributes to the United Arab Emirates’ industrial diversification agenda, which prioritises manufacturing growth, supply chain security and export competitiveness. Steel production plays a vital role in infrastructure development, energy projects and real estate expansion, making stable iron ore supply essential to national economic objectives.
Additionally, the collaboration demonstrates how global logistics partnerships can support sustainable industrial ecosystems. Efficient shipping operations help optimise transportation routes and enhance environmental performance through modern fleet management practices.
By securing long-term freight services, EMSTEEL Group reinforces its commitment to operational excellence and industrial reliability. The agreement with Oldendorff Carriers positions the company to maintain steady production output, support national infrastructure projects and contribute to the United Arab Emirates’ evolving industrial landscape.
Through strategic international collaboration, the United Arab Emirates continues to strengthen its manufacturing base and ensure supply chain resilience in key sectors driving economic growth.
