NORDEN enters ice-class segment with long-term contract and vessel order
(Posted on 01/04/26)
NORDEN has signed a Contract of Affreightment (COA) of up to 10 years with LKAB and ordered two ice-class multipurpose vessels, expanding its position in specialised segments.
NORDEN is expanding into the ice-class segment through a long-term COA with Swedish mining company LKAB and the order of two new vessels, supporting its strategy to build a more resilient and customer-focused business.
The COA has a duration of up to 10 years and covers the transport of bentonite from Greece to northern Sweden. To support the contract, NORDEN has ordered two 23,000 dwt ice-class multipurpose vessels from Wuchang Shipbuilding Industry Group in China, with delivery expected in 2028.
The transaction strengthens NORDEN’s position in long-term, customer-linked business and expands its ability to serve customers with transport needs in ice-prone regions.
CEO Jan Rindbo comments:
“This transaction supports our strategy of growing long-term business with more stable earnings characteristics. At the same time, the addition of two ice-class vessels expands the solutions we can offer customers with transport needs in northern and ice-prone waters”.
Founded in 1871, NORDEN is one of Denmark’s oldest internationally operating shipping companies, with 18 offices across six continents.
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