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Pinnacle’s new ship charter to carry wood pellets from Canada to Japan

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Pinnacle Renewable Energy has announced a new ship charter for Trans-Pacific transport of its industrial wood pellets. A ship christening and launching ceremony was held in the Shikoku Dockyard in Takamatsu City, Japan, for the S1130, a Handy class vessel of almost 40,000 deadweight-tonnage named M/V New pinnacle.

The company will charter the vessel from NYK Bulk & Projects Carriers, a leading Japanese ocean carrier, on a long-term charter to carry its industrial wood pellets from Canada to Japan. The new charter represents the trend of British Columbia-based businesses expanding in Asian markets. Pinnacle has signed three contracts with customers in Japan over the last six months.

Vaughan Bassett, senior vice-president for sales and logistics at Pinnacle, said: “The logistics model we are using will provide both ourselves and our customers the widest possible delivery flexibility at the lowest possible cost, and further opens the significant Japanese market to Pinnacle.

“We very much look forward to servicing our Japanese customers with this brand new Japanese-built vessel.”