Danish shipping company Dampskibsselskabet Norden has signed a ten-year Panamax contract of affreightment (COA) with Indian utility firm Sembcorp Energy India.
Commencing April 1, Norden will carry out the transportation of steam coal in panamaxes totalling 12 million tonnes over the ten-year period from Indonesia and South Africa to the port of Krishnapatnam in East Coast India.
The voyages will be carried out on both Norden owned and chartered vessels.
Norden pointed out in a press release that demand for energy in India is on the rise in line with the country’s economic expansion. Sembcorp Energy India Ltd is a leading independent power producer in India, which owns and operates two coal fired supercritical power plants near the port of Krishnapatnam in East Coast India.
“With this contract we are proud to have secured a long-term agreement with Sembcorp, and for Sembcorp to trust us in delivering our high level of service over the coming decade, strengthening our already close relationship,” says Jan Rindbo, CEO, Norden.
“This contract not only allows us to show our commitment to growing our presence in India, but also enables us to position vessels across the load and discharge port regions, where they can be deployed to fulfil other contracts,” Jan added.
AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week