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.