NORDEN raises full-year guidance for 2025
(Posted on 28/04/25)
On the back of the increased gains from sales of vessels and good operational performance, NORDEN, a global provider of ocean-based freight services for bulk and project cargo of all sizes, has upgraded the 2025 full-year guidance and now expects a net profit in the range of USD 50 – 130 million (previously USD 20 – 100 million).
Founded in 1871, NORDEN is one of Denmark’s oldest internationally operating shipping companies, with 18 offices across six continents.
As part of a strategy to realise asset values, NORDEN have, year-to-date, sold in total eleven vessels, of which five of the vessels were from declared purchase options. For the full-year 2025, they now expect gains from the sale of vessels of USD 45 million (previously USD 16 million). After tax and other items, the expected full-year net profit impact of vessel transactions since latest announced guidance is USD 23 million.
Jan Rindbo, CEO, commented: “Thanks to the disciplined execution of our asset strategy, we have managed to unlock significant portfolio value. In the pursuit of attractive returns, we are actively managing our portfolio of owned and leased vessels with the intention of reducing risk in the near-term and adding exposure in the long-term.”
NORDEN will publish its Q1 2025 interim report on 1 May 2025.
Latest News
InterManager urges Seafarer participation in Enclosed-Space Safety Survey
(Posted on 27/10/25)Following the International Maritime Organisation’s (IMO’s) newly tightened rules on enclosed... Read more
DNV: Nuclear propulsion is viable solution for maritime decarbonisation
(Posted on 27/10/25)According to a new paper by DNV, shifting environmental requirements are reigniting interest in nuclear... Read more
MoU on cooperation Between Zhejiang Seaport and Columbia
(Posted on 24/10/25)Zhejiang Seaport Group and Columbia Group Limited have signed a Strategic Cooperation Memorandum of... Read more
INTERCARGO statement on Extraordinary Meeting of MEPC
(Posted on 20/10/25)The International Association of Dry Cargo Shipowners (INTERCARGO) has released a statement on the Extraordinary... Read more
Investigation into impact of technology on seafarers
(Posted on 20/10/25)The future of shipping is already here. From autonomous systems to artificial intelligence, maritime... Read more
ESL Shipping’s science-based net-zero targets validated by SBTi
(Posted on 17/10/25)The Science Based Targets initiative (SBTi) has approved ESL Shipping’s near and long-term... Read more
Call for Wind to belong in IMO Net-Zero Framework
(Posted on 14/10/25)BAR Technologies has joined calls for the International Maritime Organization (IMO) to formally recognise... Read more
AXSMarine celebrates 25 Years of innovation and leadership
(Posted on 14/10/25)AXSMarine, a pioneer in maritime technology, celebrates its 25th anniversary this year, marking a quarter... Read more
Passport application breakthrough for Ukrainian seafarers overseas
(Posted on 08/10/25)In what’s been described as a major breakthrough for the careers of Ukrainian seafarers, a remote... Read more
Algoma celebrates 100th vessel milestone
(Posted on 07/10/25)Algoma Central Corporation has taken delivery of the Algoma Legacy, the first of three new methanol-... Read more
