Norden has landed its biggest bulk shipping contract to transport up to 24m tonnes of coal to the Philippines over a 10-year period.
Norden and Philippine energy firm GNPower Mariveles Coal Plant entered into the deal on Thursday.
The contract comprises transportation of 20-24m tonnes of coal to the power plant and starts in the first quarter of 2017. In terms of volume, Norden said it is the largest contract for the company.
The shipments will be carried out on panamax vessels and will involve 25-30 trips a year. Each transport will take approximately 20 days.
“We are both proud and happy that GNPower has chosen Norden to handle the transportation of coal to this modern power plant over the coming 10 years. It reflects that the customers know Norden to be a reliable and safe business partner which you can count on – also when it concerns very long-term contracts,” commented Jan Rindbo, ceo of Norden.
The Bataan-based GNPower power 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 said it will deal 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.
Source http://www.seatrade-maritime.com/news/asia/24787.html?highlight=WyJpbmRvbmVzaWFuIiwiaW5kb25lc2lhbidzIl0=
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