New Shipping Company in Copenhagen
SHIPPING: Vattenfall Trading Services has founded a shipping company named VT Shipping, located in Copenhagen. Vattenfall took over three barges and three tugs from Britannia Bulk last year, and this fleet will now be owned by VT Shipping.
"The turbulences in the freight market have opened up for some interesting, profitable business opportunities," says Henrik Valgma, Head of Vattenfall Trading Services.
"Tonnage in the Baltic plays an important strategic role. The fleet suits very well into our current and future procurement pattern and will to a large extent contribute to the security of supply".
The barges will be used for hard coal deliveries to Vattenfall fuel-fired plants and chartered to third parties. Each barge has a capacity of 15.000 tons of coal, capable also for shipping bio-mass and pellets.
Sören Alsing, Head of VTS Coal Trading, is appointed Managing Director of VT Shipping.
Source: Vattenfall