Lauritzen Bulkers signs eight year contract for transportation of wood pellets

Lauritzen Bulkers, a dry cargo shipping company, has signed its longest contract ever with US-based wood pellet producer Green Circle Bio Energy involving the transportation of 600,000 tonnes of pellets from the US to the UK and Europe over the next eight years.

In 2012, Lauritzen Bulkers signed a similar contract with Green Circle for the transportation of wood pellets from the US to Europe for six years. Since then the business relationship between Green Circle and Lauritzen Bulkers has further developed.

Claus Stahl, senior VP of Lauritzen Bulkers, says: 'This is an important leg in our trading which we are pleased to expand. This is also a cargo type and shipment size which fits very well with our modern fleet of handysize bulk carriers.'

Morten Neraas, CEO of Green Circle, adds: 'We are pleased to enter into another longer term ocean transportation contract with Lauritzen Bulkers, extending, expanding and strengthening an already ongoing and strong relationship. We believe there is an excellent fit between Lauritzen Bulkers' considerable fleet of handysize bulk carriers and Green Circle's need for these particular vessels. Lauritzen Bulkers' value offering of flexible service at competitive prices will ensure that Green Circle will maintain a strong and enduring presence in the European industrial and residential market for wood pellets in the years to come.'