Norden has signed a ten-year Panamax contract of affreightment (COA) with Indian utility firm Sembcorp Energy India.
From April 1, 2019, until March 31, 2029, Norden will carry out transportation of steam coal in Panamax shipments totaling 12 million tons over the decade.
“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 fulfill other contracts,” Jan Rindbo, CEO of Norden, commented.
The contract covers transport from various load ports in Indonesia and South Africa to the discharge port of Krishnapatnam in East Coast India.
The voyages will be carried out on both Norden-owned and -chartered vessels.