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2026-07-02 10:25:00
NORDEN raises full-year guidance
Following stronger than expected operational performance in dry cargo, reduced costs associated with Persian Gulf delays and additional vessel sales, NORDEN upgrades the 2026 full-year net profit guidance to USD 120 - 190 million (previously USD 70 – 140 million). In the first quarter, our Dry cargo business unit incurred costs to reposition the fleet to the Atlantic basin in expectation of high...
2026-06-26 10:22:00
NORDEN appoints Anne Sofie Staunsbæk Veyhe as CFO
NORDEN has appointed Anne Sofie Staunsbæk Veyhe as Chief Financial Officer, effective 26 October 2026. At the same time, Martin Badsted, who has served as CFO for the past 10 years, will assume the role of Chief Strategy Officer. CEO Jan Rindbo says: “We are very pleased to welcome Anne Sofie to NORDEN. She brings deep financial expertise, broad strategic experience and a strong commercial mind...
2026-05-13 02:00:00
NORDEN strengthens fleet with the addition of four Handysize vessels
We are pleased to share that we have expanded our fleet with the purchase of four dry cargo Handysize vessels. The four acquired vessels were built in 2024 and are scheduled for delivery during Q2 2026. The open-hatch and box hold capabilities make them particularly suited for specialised cargoes, supporting NORDEN’s ability to serve customers with more flexible and tailored solutions. The addit...
2026-04-28 02:00:00
NORDEN raises full-year guidance
On the back of additional vessel sales and a stronger tanker market, NORDEN upgrades the 2026 full-year net profit guidance to USD 70 – 140 million (previously USD 30 – 100 million). In Q1 2026, Group net profit amounted to USD 11 million (DKK 72 million) driven by strong Tanker performance, however offset by weak results in Dry cargo. Before the impact of lease accounting, EBIT in the Tanker ...
2026-03-27 01:00:00
NORDEN enters ice-class segment with long-term contract and vessel order
NORDEN has signed a Contract of Affreightment (COA) of up to 10 years with LKAB and ordered two ice-class multipurpose vessels, expanding its position in specialised specialised segments. NORDEN is expanding into the ice-class segment through a long-term COA with Swedish mining company LKAB and the order of two new vessels, supporting its strategy to build a more resilient and customer-focused bus...
2026-01-08 01:00:00
NORDEN sells two vessels and adds new leases with purchase options
We are pleased to confirm that we have sold two vessels from our owned fleet, one MR tanker and one Capesize vessel, as we continue to realise significant asset values on the back of strong asset markets across dry cargo and tankers. As a continuation of our strategy to grow our presence in the project cargo market, we have also added two Multi-purpose (MPP) newbuilding leases with purchase option...
2025-12-17 01:00:00
NORDEN inks second logistics contract of 2025
Globally operating shipping company NORDEN has signed a logistics contract in Guinea with Africa Oil Supply (AOS), commencing in early 2026. The project is the second logistics deal for NORDEN this year following a contract announcement in May with KMG in Australia and the third overall, including the project in Gabon with Comilog. “We are grateful to our customer AOS for entrusting us to delive...
2025-12-09 01:00:00
NORDEN celebrates 20 years of the NORDEN Tanker Pool with a standout 2025
This year, NORDEN proudly marks the 20th anniversary of its Tanker Pool, with a 2025 seeing an increasing number of owners and operators looking to NORDEN for commercial pool management. While already diversifying its business into Tankers in 1988, NORDEN established the Tanker Pool in 2005 as a joint venture together with Interorient under the name Norient Product Pool (NPP). It was later fully m...
2025-12-01 01:00:00
NORDEN acquires Southern African cargo activities of Taylor Maritime
NORDEN has acquired the cargo activities of Taylor Maritime in Southern Africa (previously operated under the IVS brand). As part of the acquisition, NORDEN takes over the specialist parcelling team based in Durban, South Africa, headed by Brandon Paul, who together with his team will continue to service customers on parcel trades from South Africa. “We are delighted that Brandon and his team jo...
2025-11-05 01:00:00
NORDEN signs two-year contract with US wood pellet producer
NORDEN has signed a two-year Contract of Affreightment (COA) with Enviva to transport a significant volume of wood pellets from the United States to Europe over a two-year period, commencing in 2026. Enviva is the world’s largest producer of wood pellets, helping to reduce reliance on fossil fuels around the globe with production across the Southeastern U.S. The contract builds on NORDEN’s lon...
2025-11-03 01:00:00
NORDEN hires new Head of Dry Cargo
Copenhagen, 3 November 2025 Christian Antonsen, currently Global Ocean Freight Director, Chartering, at agricultural firm Archer Daniels Midland (ADM), joins NORDEN on 1 January 2026 as new Head of Dry Cargo in the Freight Services & Trading (FST) business unit. Antonsen will lead NORDEN’s team of 100 dry cargo employees and the company's fleet of some 300 dry bulk vessel, ranging from projects ...
2025-10-30 01:00:00
NORDEN reports net profit of USD 26 million (DKK 166 million) in Q3 2025
NORDEN reports net profit of USD 26 million (DKK 166 million) in Q3 2025. Net profit for the Group amounted to USD 26 million (DKK 166 million) in the third quarter of 2025, driven by Asset Management which delivered another strong quarter supported by solid operating earnings and vessel sales. Group net profit amounted to USD 111 million in the first nine months of 2025, of which USD 43 million c...
2025-10-28 01:00:00
NORDEN announces preliminary financial results and raises full-year guidance
On the back of better-than-expected operational performance and rising markets, NORDEN upgrades the 2025 full-year guidance and now expects a net profit in the range of USD 100 – 140 million (previously USD 70 – 130 million). Net profit amounted to USD 26 million (DKK 166 million) in the third quarter 2025, corresponding to a return on invested capital (ROIC) of 10% in the last twelve months
2025-09-30 02:00:00
NORDEN sells an additional vessel
We are pleased to announce that we have declared a Panamax purchase option and subsequently sold the vessel. Delivery is expected to take place in Q1 2026. Furthermore, we continue to execute on the announced share buy-back programme and 164,100 shares have been acquired at an average price of DKK 233 per share from the initiation in mid-August up until 26 September 2025. For more information, ple...
2025-08-19 02:00:00
NORDEN sells an additional vessel and adds Panamax to strengthen ocean-based global freight service
We are pleased to announce that we have declared an additional Supramax purchase option and subsequently sold the vessel. In addition to this sale, we have also purchased a Japanese-built Panamax, which will join our fleet in September 2025. The vessel is a 2017 built wide-beam 85,000 dwt vessel with high grain loading capacity and shallow draft, which makes it particularly well-suited for optimis...
2025-08-07 02:00:00
CBH collaborates with NORDEN for biofuel pilot project
Australia’s largest co-operative and exporter of grain is reducing its maritime supply chain emissions as part of an Australian-first biofuels insetting pilot project in partnership with two global shipping giants. CBH Group has collaborated with NORDEN and Oldendorff by using waste-based biofuel voyages, and book and claim solutions, to transport Western Australian (WA) grain to the European Un...
2025-08-05 02:00:00
NORDEN adds new leases with purchase options
In parallel with our strategy to realise asset values, we are concurrently also entering new lease agreements with purchase options to ensure we stay positioned for future upside potential. To provide our customers with efficient shipping solutions, we are committed to replacing older vessels with high-quality vessels with the best available fuel performance. As a continuation of our strategy to g...
2025-07-01 02:00:00
NORDEN sells two additional vessels
We are pleased to announce that we have sold two additional vessels, one Supramax bulk carrier and one MR tanker. The Supramax vessel is a recently declared purchase option which subsequently has been sold. The MR tanker became part of NORDEN’s owned fleet in May 2025, following the declaration of the related purchase option at the end of 2024. This brings the total number of sold vessels to 16 ...
2025-06-03 02:00:00
NORDEN sells two MR tankers and declares a purchase option
As a continuation of our strategy to realise asset values, we are pleased to confirm that we have sold two additional vessels. Both vessels are MR tankers and became part of NORDEN’s owned fleet in Q2 2025, following the declaration of the related purchase options at the end of 2024. This brings the total number of sold vessels to 14 year-to-date, of which eight were from declared purchase optio...
2025-05-22 02:00:00
NORDEN collaborates with Microsoft to lower its maritime supply chain emissions
Danish shipping company NORDEN is working on a pilot project with Microsoft to help reduce its maritime supply chain emissions by utilising NORDEN's biofuel voyage and Book and Claim solution, we're helping Microsoft reducing their maritime emissions. “We are pleased to work with a like-minded partner in Microsoft, sharing our ambition to scale the use of low-carbon fuels to reduce emissions in ...
2025-05-19 02:00:00
NORDEN inks logistics project in Australia
NORDEN has signed its first port logistics project in Australia with existing dry cargo freight customer, the Australian developer and operator of iron ore mining projects, Kimberley Metals Group (KMG), further expanding the partnership. With the new project - situated in the port of Wyndham in Western Australia - NORDEN will provide additional assets for the existing transshipment operation, load...
2025-05-14 02:00:00
Commercial update – NORDEN expands MPP fleet, reinforcing growth in Projects & Parcelling
We are pleased to announce that NORDEN has signed agreements for two additional 17,500 dwt Multi-purpose (MPP) newbuilding leases with purchase options, with expected deliveries in 2026 and 2027. These follow the recent addition of two similar vessels, reinforcing our commitment to building a core MPP fleet and growing our presence in the project cargo market, which benefits from a strong projecte...
2025-05-09 02:00:00
NORDEN performs first biofuel voyage out of US
NORDEN has performed its first ever biofuel voyage out of the US in collaboration with our customer, the independent renewable energy producer Albioma, marking a continuation of NORDEN’s strategic ambitions within biofuels. The ISCC EU certified B24 biofuel blend (24% biofuel & 76% VLSFO conventional marine fuel) was bunkered in the port of Houston, Texas prior to loading 30,000 metric tonnes of...
2025-04-29 02:00:00
Commercial update – NORDEN sells an additional vessel
We are pleased to announce that we have declared an additional Handysize purchase option and subsequently sold the vessel. Year-to-date, we have sold in total twelve vessels, of which six of the vessels were from declared purchase options. The financial full-year net profit guidance as communicated on April 25 is maintained. NORDEN will, as previously communicated, publish the Q1 2025 interim repo...
2025-04-25 02:00:00
NORDEN raises full-year guidance 2025
On the back of the increased gains from sales of vessels and good operational performance, NORDEN upgrades the 2025 full-year guidance and now expects a net profit in the range of USD 50 – 130 million (previously USD 20 – 100 million). As part of our strategy to realise asset values, we have year-to-date sold in total eleven vessels, of which five of the vessels were from declared purchase opt...
2025-04-14 02:00:00
Commercial update – NORDEN sells two additional vessels
In line with our strategy to realise asset values, we are pleased to announce that we have sold two additional vessels - one Ultramax and one Handysize vessel. Both vessels were declared purchase options. Year-to-date, we 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 purc...
2025-04-09 02:00:00
NORDEN adds to Executive Management group with COO role
NORDEN is pleased to announce that Anne Heidi Jensen will join NORDEN’s 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,” says Anne Heidi Jensen. “Since join...
2025-03-26 01:00:00
Commercial update – NORDEN adds two newbuilding Capesize leases with purchase options
In line with our positive long-term outlook for Capesize freight rates, we are pleased to announce the addition of two Capesize newbuilding leases with purchase options, reinforcing our commitment to building a highly efficient and modern Capesize fleet. This will enhance our ability to serve customers reliably and ensure we remain at the forefront of sustainable and cost-effective shipping agains...
2025-03-20 01:00:00
Commercial update – NORDEN sells vessels and continues to buy back shares
In line with our intention to realise asset values, we have sold five vessels since the release of our 2024 Annual Report on 6 February 2025. Three of them were declared purchase options and comprised of two Kamsarmaxes and one Ultramax vessel. In addition to the declared purchase options, we have also sold one MR tanker vessel from the active owned fleet, as well as one Ultramax newbuilding which...
2025-03-06 01:00:00
NORDEN welcomes new Chief People Officer
NORDEN is happy to welcome Pierre Berkmann as Chief People Officer, effective 1 April 2025. Pierre will take responsibility for People & Sustainability and join the company’s senior management team. In the role, he will help drive NORDEN’s strategic direction connecting the business with our people agenda, while building organisational strength to deliver on our purpose, values and business ob...
2025-01-14 01:00:00
Commercial update – NORDEN expands project cargo fleet with innovative and fuel-efficient vessels
We are excited to announce the addition of two new 17,500 dwt Multi-purpose (MPP) vessel leases with purchase options, expected to be delivered by the end of 2026. Furthermore, we have the option of declaring an additional two vessel leases with delivery in 2027. Since entering the project cargo segment in 2023, our focus has been on growth within this part of the business. The Multi-purpose segme...
2024-12-03 01:00:00
Commercial update – Realising high values and optimising the vessel portfolio
We are pleased to announce that we have agreed to sell two Capesize vessels, NORD POWER and NORD ENERGY, with delivery scheduled for Q1 2025. This is a strategic sale of existing, older dry cargo vessels to realise NAV and maximise returns at a time when second-hand Capesize asset prices are at elevated levels. The expected sales profit will be realised in our Q1 2025 financial results. To optimis...
2024-11-26 01:00:00
NORDEN signs sustainable maritime fuel offtake agreement with Meta
Tuesday 26 November 2024 Today, Danish shipping company NORDEN announced a sustainable maritime fuel agreement with Meta aimed at advancing the decarbonisation of the maritime industry. “We are proud to include Meta to our growing list of customers looking to decarbonise their maritime supply chains,” says Anne Jensen, COO at NORDEN. “Both Meta and NORDEN share a commitment to high standards...
2024-09-16 02:00:00
NORDEN enters into biofuel arrangement with BHP
NORDEN and leading global resources company BHP have entered into a lower CO2 emission biofuel arrangement for approximately 1,000 tonnes of 100% biofuel (B100) to be used on a voyage from Hay Point, Australia to Rotterdam, Netherlands on the Capesize vessel NORD Steel. This will be the largest quantity of biofuel used on a single voyage by NORDEN, anticipated to reduce a total of 2,500 tonnes of ...
2024-09-03 02:00:00
NORDEN closes acquisition of Norlat Shipping
NORDEN has today closed the acquisition of Nordic dry bulk operator Norlat Shipping. “We are delighted to have received the green light for the acquisition last week and with the closing of the acquisition today we look forward to welcoming the Norlat Shipping team and customers,” says NORDEN CEO Jan Rindbo. “Norlat is a skilled niche operator and a great addition to our growing projects and...
2024-07-22 02:00:00
NORDEN to acquire Norlat Shipping to further grow projects and parcelling activities
NORDEN has entered into an agreement to acquire Norwegian dry bulk operator Norlat Shipping, which specialises in the shipment of forest products and other bulk commodities, with main trading routes from Northern Europe to North Africa and North America. “With a customer-centric business and trading routes complementary to NORDEN’s, Norlat is a great fit with NORDEN,’ says NORDEN CEO Jan Rin...
2024-06-06 02:00:00
Trading update – Expanding the strategic position in Capesize
2024-04-09 02:00:00
New team to lead NORDEN’s FST business unit
As part of Christian Vinther Christensen, COO, Freight Services & Trading (FST), deciding to step down, NORDEN today announces an internal reorganisation, which further strengthens the company’s customer focus and commercial mindset as an ocean-based freight provider. Rasmus Saltofte and Søren Tolbøll, formerly Head of Handysize Worldwide and Head of Tankers, become Head of Dry and Head of Tan...
2024-02-29 01:00:00
NORDEN adds to Capesize portfolio to meet customer demands
NORDEN acquires four Capesize newbuildings to meet strong demands from customers looking to unlock economies of scale by sizing up to improve efficiencies while lowering emissions. With the latest investments, adding to the five owned and seven chartered Capesize vessels, NORDEN gradually moves closer to its ambition to operate between 20-25 Capesizes, supporting its full-service approach by creat...
2023-12-08 01:00:00
Solution to decarbonise customers’ supply chains off to a good start
NORDEN’s carbon insetting solution has been off to a good start with the first deal completed and a continued strong interest among current and potential new customers. Earlier this year, NORDEN launched a carbon insetting solution – through a Book & Claim system - to support the decarbonisation of its customers’ supply chains by bridging emission reductions made on NORDEN’s biofuel voyage...
2023-12-04 01:00:00
European Union Emissions Trading Scheme affecting shipping from January 2024
In January 2024, the European Union Emissions Trading Scheme (EU ETS) will be extended to also cover marine transportation i.e., vessels with a size of 5000 gross tonnage and above, entering EU ports regardless of the flag on the vessel. In connection with the European climate law, where the EU sets out to reach climate neutrality in 2050 and reduce net emissions of greenhouse gases by 55% compare...
2023-10-31 01:00:00
NORDEN strengthens focus on growth and customers with new COO role
2023-10-25 02:00:00
Supporting young maritime talents in Ivory Coast and Gabon
2023-08-16 02:00:00
NORDEN and Teck announce emission reduction freight contract
NORDEN and Teck Resources Limited, today announced an agreement to reduce CO² emissions in Teck’s steelmaking coal supply chain. The agreement is expected to reduce annual emissions from Teck shipments handled by NORDEN by 25%, or up to 6,700 tonnes of CO², equivalent to removing over 1,400 passenger vehicles from the road. NORDEN will achieve emission reductions by utilising a range of soluti...
2023-08-02 02:00:00
NORDEN strengthens its future supply of renewable fuels
NORDEN has acquired a minority stake in MASH Makes, a Danish-Indian biofuel scale-up, which researches, develops and produces renewable fuels from biomass waste. The investment is a strategic partnership, where NORDEN secures access to renewable fuels, specifically biooil, at favourable pricing. The partnership places NORDEN at the forefront of the research and development of future renewable fuel...
2023-06-26 02:00:00
NORDEN strengthens its customer offerings with the closure of the Thorco Projects acquisition
Today, Thorco Projects becomes part of NORDEN, and will continue to service current customers and further grow its customer base, while enhancing its global offerings as an integrated team - Projects & Parcelling - in the Freight Services & Trading business unit. On 26 May 2023, NORDEN announced its intention to acquire the Thorco Projects business to gain access to new customer segments within th...
2023-06-22 02:00:00
NORDEN acts on asset trading opportunity by ordering dry cargo newbuildings
NORDEN has recently placed a newbuilding order for six dry cargo vessels from Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS), a joint venture between COSCO Shipping and Kawasaki Heavy Industries, for delivery in the next two to three years. All six orders are for Supramax vessels with a capacity of 64,000 deadweight tonnes. Head of Asset Management, Henrik Lykkegaard Madsen, outlines how the ...
2023-05-26 02:00:00
NORDEN to acquire the Thorco Projects business to gain access to new customer segments
NORDEN has entered into an agreement to acquire the Thorco Projects business, providing access to new customers within the general cargo segment such as break bulk, steels and wind energy. Thorco Projects has in recent years transformed into an asset light business operating a chartered fleet of predominantly Handysize vessels, where NORDEN is a significant operator. The acquisition therefore comp...