The new deal is for eight years, its longest contract ever with the US company, and involves 600,000t of cargo.

Lauritzen signed a similar contract with Green Circle Bio Energy in 2012 to transport wood pellets from the US to Europe for six years.

Since then the business relationship between Green Circle Bio Energy and Lauritzen Bulkers has further developed.

“This is an important leg in our trading which we are pleased to expand,” said Lauritzen Bulkers senior vice president Claus Stahl.

“This