Lauritzen Bulkers Inks Its Longest Deal with Green Circle

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

In 2012, Lauritzen Bulkers signed a similar contract with Green Circle Bio Energy for the transportation of wood pellets from the US to Europe for six years.

Since then the business relationship between Green Circle Bio Energy and Lauritzen Bulkers has further developed, Lauritzen said.

Mr. Claus Stahl, Senior Vice President of Lauritzen Bulkers said: “This is an important leg in our trading which we are pleased to expand,” adding that “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 commented: “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.”

The signing ceremony took place in Copenhagen two weeks ago.

Press Release