Danish shipping giant Norden has bolstered its dry bulk fleet with a pair of newcastlemaxes from Idan Ofer’s stable.
Multiple brokers report the Jan Rindbo-led owner and operator has forked out around $146m to purchase the 2021-built scrubbed-fitted Trust Qingdao and Trust Shanghai from Eastern Pacific Shipping.
This will be the company’s second move on bulkers in this segment this year after picking up another 2021 Shanghai Waigaoqiao-built pair from Sinokor in March.
Demand for newcastlemaxes has been robust this year, with 22 sales reported year to date, nearly doubling from the same period in 2023.
Norden has been busy adding large bulkers since entering the cape segment last March. Five ships have since been bought, of which one recently sold at a profit and four 180,000 dwt newbuilds booked at Namura in Japan.
