Germany’s Oldendorff Carriers has signed a coal transportation agreement with Bangladesh Chinese Power Company Limited (BCPCL).
The agreement will see Oldendorff provide a full transportation solution to BCPCL, including coal transportation from Indonesia or Australia, with transshipment in Andaman and Nicobar, to the Payra power plant in Bangladesh. The transshipment is for BCPCL to take advantage of lower freight costs using larger vessels to ship to the transshipment ports, and then smaller vessels to deliver in Bangladesh due to draft restrictions at Payra.
Oldendorff expects to deliver up to 4.5m mts of coal per year, for a period of five years.
BCPCL is a joint venture between North West Power Generation Company and China National Machinery Import and Export Corporation.