Danish shipowner Norden during the first two months of Q2 2024, has made four transactions, focusing on expanding the strategic position and enhancing the climate commitment within dry bulk.

This has happened by adding two new modern Capesize vessels built 2021 to the owned fleet, while at the same time capitalising on the current strong market conditions by divesting an old Capesize vessel built 2011.

In addition to the capsize deals, Norden also informs that one MR tanker was chartered in.

“These transactions are part of optimising our Capesize fleet with modern vessels in line with our climate strategy, as we believe customers will increasingly favour vessels with the highest fuel efficiency and lowest emissions,” says Henrik Lykkegaard Madsen, Head of Asset Management.

After these transactions, Norden owns seven product tankers and 19 dry cargo vessels of which 10 dry cargo vessels are purchased with future delivery.

Furthermore, Norden has the option to acquire an additional 82 vessels during the coming years through purchase options on leased vessels, as the company mentions.

Source: Norden