Norden expands strategic position
Published by Oliver Kleinschmidt,
Assistant Editor
Dry Bulk,
During the first two months of 2Q24, D/S Norden has made four transactions, focusing on expanding its strategic position and enhancing the climate commitment within the dry bulk market by adding two new modern capesize vessels (2021) to the owned fleet, while at the same time capitalising on the current strong market conditions by divesting an old capesize vessel (2011).
In addition, one MR tanker was chartered in.
Henrik Lykkegaard Madsen, Head of Asset Management, elaborated: “These transactions are part of optimising our capesize fleet with modern vessels in line with our climate strategy, as we believe customers will increasingly favour vessels with the highest fuel efficiency and lowest emissions.”
After these transactions, Norden owns seven product tankers and 19 dry cargo vessels of which 10 dry cargo vessels are purchased with future delivery.
Furthermore, Norden has the option to acquire an additional 82 vessels during the coming years through purchase options on leased vessels.
These trading activities reflect Norden’s active portfolio management strategy, whereby opportunities to optimising the vessel portfolio is continuously identified.
Norden will publish the interim half-year report for 2024 on 8 August 2024.
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Read the article online at: https://www.drybulkmagazine.com/shipping/06062024/norden-expands-strategic-position/
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