Norden has been awarded a contract by US-based Enviva to transport 1.3 million to 1.5 million tonnes of wood pellets from the United States to Europe over a six-year period.
The company will utilise its Supramax dry bulk vessels for the contract, which runs from 2021 to 2026.
Norden has also been awarded a three-year contract with a power company in Hong Kong for the transportation of coal from Indonesia to Hong Kong. The contract will commence on January 1, 2020, and will see the company ship around 1.3 million tonnes of coal per year on its Panamax vessels.
Most of the volume loading will take place in Indonesia and the vessels will discharge into the Hong Kong power company's coal terminal.
