NORDEN sells two additional vessels
(Posted on 15/04/25)
In line with NORDEN’s strategy to realise asset values, the global provider of ocean-based freight services for bulk and project cargo of all sizes has announced the sale of two additional vessels - one Ultramax and one Handysize vessel. Both vessels were declared purchase options.
Year-to-date, NORDEN have sold 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.
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.
Furthermore, 690,180 shares have been acquired at an average price of DKK 185 per share from the initiation of the announced share buy-back programme in early February up until 8 April 2025.
Earlier this month, NORDEN announced that Anne Heidi Jensen will join its Executive Management in the newly created role as Group COO. The Executive Management group thereby consists of Jan Rindbo, CEO, Martin Badsted, CFO and Anne Heidi Jensen, COO. The changes are effective immediately.
“I am immensely proud to join NORDEN’s Executive Management team,” said Anne Heidi Jensen. “Since joining the company in January 2024, I’ve had the privilege of really getting to know NORDEN, my colleagues and experiencing first-hand the continued growth potential in the business. I’m excited for what lies ahead.”
CEO Jan Rindbo added, “By welcoming Anne into the Executive Management team, we strengthen our commercial, strategic and leadership capabilities, further driving NORDEN's strategic direction and customer focus.”
Founded in 1871, NORDEN is one of Denmark’s oldest internationally operating shipping companies, with 18 offices across six continents.
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