NORDEN has successfully sold two additional vessels—a Supramax bulk carrier and an MR tanker. The Supramax vessel was a recently declared purchase option that has now been finalized for sale. The MR tanker joined NORDEN’s owned fleet in May 2025 after the declaration of its purchase option at the end of 2024.
With these recent transactions, NORDEN has sold a total of 16 vessels year-to-date. Notably, 10 of these sales involved declared purchase options, which aligns with the company’s strategy to realize asset values and make the most of the persistent high ship prices in the market. After these sales, NORDEN now manages a fleet comprising 15 owned vessels and 80 leased vessels with purchase options.
In addition to its vessel sales, NORDEN is actively pursuing its established share buy-back program. Since the program began in early May, the company has acquired 122,800 shares at an average price of DKK 203 each, with trades continuing up until June 26, 2025. This step further demonstrates NORDEN’s commitment to enhancing shareholder value amid its strategic asset management activities.
As NORDEN moves forward, the focus remains on optimizing its fleet and capitalizing on favorable market conditions to strengthen its position in the industry. The successful execution of these transactions is a testament to the company’s proactive approach and strategic foresight.