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Montecargo to Ship Iron Ore for HBIS Group Serbia

Steel News - Published on Fri, 23 Aug 2019

Image Source: Pluton Logistic
Montenegro's transport firm Montecargo has struck a deal with HBIS Group Serbia the owner of the Smederevo steel mill that will see it ship 30,000 tonne of iron ore for the Chinese-owned company. Montecargo CEO Muradif Grbovic has said that "Transport of 120,000 t of ore for the company, which is backed by Chinese capital, can be expected next year, from which Montecargo can expect revenues of 1.1 million euros.”

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Posted By : Sanju Moirangthem on Fri, 23 Aug 2019
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