Danish shipping company Norden has acquired four Capesize newbuildings, which are slated for delivery between 2025 and 2027.


Source: Norden 

Norden said that the vessels will meet the demands from its customers that want to unlock economies of scale by sizing up to improve efficiencies while lowering emissions. They will join five owned and seven chartered Capesize vessels in its fleet.

The company aims to operate between 20-25 Capesize vessels to support its “full-service” approach across all dry cargo sizes.

“With our latest investments in not only Capesizes but also in projects and parcelling and logistics, we are now able to provide our customers with a truly unique full-service approach across all dry cargo segments, with a strong focus on decarbonisation,” said Jan Rindbo, ceo of Norden. 

The investments in its projects and parcelling division saw Norden acquire Thorco Projects last year. This diversified its offering into the breakbulk, wind energy and steel shipping business. Thorco Projects operates a chartered fleet of predominantly handysize and multipurpose vessels.