Norden acquires four capes

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In line with our 2023-2025 strategy to capitalise on the most attractive opportunities in the market, we have acquired four Capesize vessels in two separate transactions this month to improve our portfolio of freight service solutions towards our dry-segment customers.

Supporting customers with a full-service approach

With the acquisitions, NORDEN will now offer a full-service approach where we are able to support customers across all dry-segments with cargo loads between 5,000-200,000 tonnes.

“With the move into Capesize, NORDEN expands its offering to cover all dry cargo sizes, providing added value to our customers and partners globally,” says Jan Rindbo, CEO, NORDEN. “The expansion into Capesize also enables us to capitalise on the most attractive market opportunities in a high exposure segment with relatively few transactions.”

To further grow and manage our Capesize business, a dedicated team supported by the global NORDEN organisation will be established to service our customers.

Enhanced scope of logistics projects

In 2022, NORDEN moved into port logistics where we currently operate a transshipment facility for a mining customer in Gabon in Central Africa. By venturing into the Capesize segment, NORDEN will now be able to enhance the scope of current and future logistics projects by providing customers with the optionality to upsize, thereby bringing down operational costs and complexity, while potentially reducing emissions.

The four vessels are expected to be delivered during the coming months.

Source: NORDEN

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