Norden Enters Capesize Segment with “High exposure and Relatively Few Transactions”

Photo credit: Norden / Jan Rindbo, Chief Executive Officer (CEO)

The Danish-based Norden enters Capesize segment with the acquisition of four Capesize vessels.

The company acquired the four vessels in two separate transactions this month in order to improve its portfolio of freight service solutions towards its dry-segment customers.

This move into Capesize is in line with Norden´s strategy to capitalise on the most attractive opportunities in the market, in a high exposure segment with relatively few transactions, as the top management reveals today.

The four capsize vessels are expected to be delivered during the coming months.

After the acquisitions Norden will provide support to its clients across all dry-segments with cargo loads between 5,000 to 200,000 tonnes.

“With the move into Capesize, Norden expands its offering to cover all dry cargo sizes, providing added value to our customers and partners globally,” says Jan Rindbo, CEO, NORDEN. “The expansion into Capesize also enables us to capitalise on the most attractive market opportunities in a high exposure segment with relatively few transactions.”

Last year Norden made a strategic move into the port logistics where the company currently operates a transhipment facility for a mining customer in Gabon in Central Africa.

As the CEO of Norden explains today “By venturing into the Capesize segment, Norden will now be able to enhance the scope of current and future logistics projects by providing customers with the optionality to upsize, thereby bringing down operational costs and complexity, while potentially reducing emissions.”

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