Norden Hits Mother Lode in the Philippines

Danish shipping company Dampskibsselskabet Norden A/S has entered into a 10-year contract to transport 20-24 million tons of coal to a power plant on Luzon Island, the Philippines.

The contract is expected to start in the first quarter of 2017. In terms of volume, this makes it the largest contract in the history of Norden, the company said without revealing the value of the contract.

The power plant is operated by GNPower Mariveles Coal Plant Ltd. Co. (GNPower). The plant began its production in 2013, and from the start Norden has transported coal to the plant on behalf of an Indonesian coal producer.

Going forward, Norden will be dealing directly with GNPower as the customer, as the power plant buys the coal from various producers in Indonesia, whereupon it will be sailed to the Philippines by Norden.

The transports will be carried out on Panamax vessels and will involve 25-30 trips a year. Each transport will take approximately 20 days, Norden said.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >