Graanul Invest Group, one of Europe’s largest pellet producers, has snapped up its second ship, taking a vessel from its Nordic friend Norden.
The company has decided to spend $12.5m on a six-year old Hyundai Vinashin built handysize, named Nord Mumbai, a sister ship of the Imavere, a ship it added a year ago, quietly moving into shipowning.
Graanul Invest is a private company, headquartered in Tallinn. The outfit is one of the largest private forestland owners in Estonia. The company’s main fields of activities include wood pellet production, development of heat and energy solutions, trading of solid biomass products and forestry. It also claims to be one of the biggest independent renewable energy producers in the Baltic Sea region.