Korea Line Adjusts Long-Term Coal Transportation Contract to 110.8 Billion Won and Extends Term Due to Demurrage

Korea Line Corporation announced an amendment to its long-term bituminous coal transportation contract with Korea Southern Power.
Due to prolonged demurrage at loading and discharge ports, the contract value was reduced from approximately 156.9 billion KRW to 110.8 billion KRW, and the contract end date was extended to July 20, 2026.
This operational adjustment reflects increased waiting days due to aging equipment and changes in coal power plant utilization, potentially impacting short-term cash flow.
[AI Summary]This contract amendment results from external factors and does not significantly affect shareholder value, but the reduced contract amount may pressure near-term profitability.