Norden reorganises with new team to lead FST business unit

Denmark’s Norden, a shipping company known for its ocean-based freight services for bulk and project cargo of all sizes, is moving with fresh sales in the dry bulk sector.

The company revealed yesterday that it has offloaded a handysize vessel, without disclosing the name of the buyer.

“We are pleased to announce that we have declared an additional Handysize purchase option and subsequently sold the vessel,” the shipowner said.

No further details were disclosed about the financial terms of the transaction or the name of the ship sold.

Norden said it has sold -year-to-date- in total twelve vessels, of which six of the vessels were from declared purchase options.

The company revealed earlier this month that it has offloaded two additional vessels, one ultramax and one handysize vessel. As reported, both vessels were declared purchase options.

The shipowner didn’t reveal more details about the disposal of the two vessels. The only information that the company gave is that the double bulker sale is “in line with the company’s strategy to realise asset values.”