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 two additional vessels, one ultramax and one handysize vessel. As reported, both vessels were declared purchase options.
No further details were disclosed about the financial terms of the transactions or the names of the two ships sold.
The only information that the company gave is that the double bulker sale is “in line with the strategy to realise asset values.”
Following these transactions, Norden’s asset portfolio will consist of 20 owned vessels and 79 long-term leases with purchase options, 37 of which can be declared before the end of 2025.
Norden said it has sold -year-to-date- in total seven vessels from the active fleet and three newbuildings that have been sold to new owners before delivery but will be leased back on time-charter with purchase options.
