NORDEN sells two vessels and adds new leases with purchase options
(Posted on 14/01/26)
NORDEN have confirm that they have sold two vessels from their owned fleet, one Capesize vessel and one MR tanker, as they continue to realise significant asset values on the back of strong asset markets across dry cargo and tankers.
As a continuation of the company’s strategy to grow presence in the project cargo market, they have also added two Multi-purpose (MPP) newbuilding leases with purchase options, to be delivered in 2028. The MPP segment benefits from favourable supply fundamentals with a rapidly ageing fleet and low orderbook, coupled with a strong demand outlook. These newbuildings will further strengthen NORDEN’s service to customers for transporting specialised cargoes such as breakbulk and project cargo in addition to traditional dry bulk commodities.
Furthermore, they continue to execute on the announced share buy-back programme and 170,500 shares have been acquired at an average price of DKK 249 per share from the initiation in end-October up until 30 December 2025.
Founded in 1871, NORDEN is one of Denmark’s oldest internationally operating shipping companies, with 18 offices across six continents.
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