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