Norden Secures 9-Year Transport Contract in Canada

Image Courtesy: Norden

Danish shipping company Dampskibsselskabet Norden A/S has inked a 9-year contract to transport a total of 3.5 million tons of wood pellets from Vancouver and Prince Rupert in Western Canada to Europe starting from 2018.

Signed with Canada’s wood pellets manufacturer Pinnacle Renewable Energy Inc, the contract would be undertaken by Supramax vessels in 8 trips a year, with each trip expected to take 65 days.

“The contract with Pinnacle provides us with an opportunity to achieve two things: First, the contract ensures that our vessels return with cargo from the Pacific to the Atlantic Ocean – a route where traditionally there is less cargo to transport. Secondly, the contract cements our already strong position in the biomass market, in which we have built up considerable experience and expertise,” Michael Boetius, Vice President and head of the Industrial Bulk in Dry Cargo at Norden, said.

The deal comes only a week after the shipping firm clinched a 10-year contract to transport 20-24 million tons of coal to a power plant on Luzon Island, the Philippines.

Expected to start in the first quarter of 2017, the deal was signed with the Philippine energy company GNPower Mariveles Coal Plant Ltd. Co.

Although the company did not disclose the financial terms of the coal transportation contact, it said that it represents “the largest contract in the history of NORDEN.”

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2018 >>
MTWTFSS
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

Posidonia 2018

Posidonia, the international shipping exhibition, has long been established as one of the major calendar events…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

THE 7TH EDITION OF NAVALIA, INTERNATIONAL SHIPBUILDING EXHIBITION 2018

The event wanted to be from the beginning a reference for the naval sector and to serve as a tool to attract investors and contracts for the industry…

read more >

BlueWeek2018

The BlueWeek2018 will be held on 28-29-30 May in Rotterdam, under the auspices of the Blue Forum…

read more >