Danish shipping giant Norden has revealed new activity in the sale-and-purchase market with five transactions recently closed in the dry and wet segments.
The move is in line with the company’s intention to realise asset values, the Jan Rindbo-led owner and operator said.
The Hellerup-based company has let go of two unnamed kamsarmax bulkers and one ultramax, on which purchase options were declared, and sold one MR tanker from its owned fleet.
Multiple shipbroking outfits have recently linked Norden’s 2015-built MR2 Nord Swift and chartered-in 2020-built kamsarmaxes Sentosa Challenger and Sentosa Spirit to Greek buyers in deals worth around $97m in total.
Norden said it has also agreed to sell one of its ultramax newbuilds expected to deliver at the end of 2025. The ship will be leased back on time charter with extension and purchase options.
Late last year, Norden bolstered its owned fleet through purchase options on one handysize bulk carrier and four MR tankers at prices below market level and signed to lease a fresh pair of bulker newbuildings. This was followed by a deal for up to four 17,500 dwt multipurpose newbuilds for delivery in 2026 and 2027.
Following the latest transactions, the company will count 20 owned ships and 79 on long-term charters with purchase options attached, 39 of which can be exercised this year.
Energy News Beat