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Norden inks three-year COA with Qatar Vinyl

Norden has inked a three-year Contract of Affreightment (COA) with Qatar Vinyl Company starting in Q2 this year.

The COA covers shipping 500,000 tonnes of salt from the West Coast of India to Qatar for the subsidiary of Qatar Petrochemical Company. Norden aims to fulfil the contract with monthly supramax shipments from the West Coast of India.

Jan Rindbo. “The contract increases our flow of tonnage into the Arabian Gulf, which allows us to further grow our activities in the region, in line with our continued growth plans.”

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The contract will allow Norden to take on other work in the Middle East region. Adam Nielsen, head of industrial bulk responsible for the COA business within dry cargo in Norden, commented: “With the agreement, we are growing our presence in the Middle Eastern region, enabling us to position vessels across the load and discharge port regions, where they can be deployed to fulfil other contracts.

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