ShippingWatch

Lauritzen: Bio cargo must be doubled in the coming years

The increasing export of bio mass from the United States to Europe is good news for Lauritzen's bulk business. The company expects to double the volume of transported bio mass within the next two or three years.

Bio mass, in the form of wood pellets, is in big demand from European powerplants, resulting in more and more transports across the Atlantic from the American forests and wood pellet factories. Lauritzen benefits from the fact that the export in the third quarter 2012 was 70 percent bigger than in the same period the year before.

"This is absolutely great news for us. Bio mass is one of the major commodities right now, and transporting it goes hand in hand with the current talks and discussions about CO2 emissions and the world's energy supplies. We are already a big part of the business, along with our major competitors in the market," says Claus Stahl, associate director in charge of J. Lauritzen Bulker's transportation activities, to ShippingWatch.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Related articles

Latest news

See all jobs