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Tuesday, 20 August 19
NORDEN HAS BEEN AWARDED A 3-YEAR CONTRACT FOR THE TRANSPORTATION OF COAL FROM INDONESIA TO HONG KONG
Norden LogoNORDEN has been awarded a 3-year contract with a power company in Hong Kong for the transportation of coal from Indonesia to Hong Kong.
 
According to Nordan, the CoA, which runs from 1 January 2020 to 31 December 2022, will see NORDEN ship around 1.3 million tonnes of coal per year on Panamax vessels, an estimated 17-20 cargoes annually. Most of the volume loading will take place in Indonesia and the vessels will discharge into the Hong Kong power company’s coal terminal.
 
The power firm has been a good supporter to NORDEN over the years on both shorter running contracts (spot) and long-running CoAs, Nordan says in its latest report.
 
“This is an attractive CoA for us as it increases our existing Panamax South East Asia presence and I would like to thank the company for their continued trust in NORDEN, allowing us to further build on our good business relationship” says Jan Rindbo in comment to the newly signed contract”.
 
Dampskibsselskabet NORDEN A/S is an independent shipping company incorporated in Denmark and listed on Nasdaq Copenhagen as a part of the OMX Nordic Mid Cap index. 


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