Danish owner and operator Norden has marked its entry into the capesize segment this month by adding four ships through two separate deals.
“With the move into capesize, Norden expands its offering to cover all dry cargo sizes, providing added value to our customers and partners globally,” said Jan Rindbo, chief executive of Norden, adding: “The expansion into capesize also enables us to capitalise on the most attractive market opportunities in a high exposure segment with relatively few transactions.”
In 2022, Norden expanded into port logistics with a transshipment facility for a mining customer in Gabon. By venturing into the capesize segment, the company said it will 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 unnamed ships are expected to be delivered during the coming months. Industry sources earlier linked Norden to a pair of GoodBulk’s 2012-built capes, Aquatonka and Aquahaha, for around $28m each.
