As informed, the company has added two bulkers to the existing newbuilding contract with shipbuilder Nantong\u00a0Cosco\u00a0KHI Ship Engineering Co. (NACKS), a joint venture between China COSCO shipping Group and Kawasaki Heavy Industries (KHI). <\/p>\n
In June, Norden signed a contract with NACKS for four 61,000 dwt dry cargo Ultramax ships, scheduled for delivery in 2022. <\/p>\n
\t\t\t<\/a><\/p>\n
\n\t\t\t
\n\t\t\t\tNorden orders Ultramax quartet at NACKS
\n\t\t\t<\/a>
\n\t\t<\/h3>\n\n\t\t\t\t\tCategories:<\/span><\/p>\n\n- Vessels<\/li>\n<\/ul><\/div>\n\n\t\t\tPosted:<\/span> about 1 month ago\n\t\t<\/div>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n
The order now encompasses a total of six vessels. <\/p>\n
Of this order, Norden has already sold two vessels on sale and leaseback terms, subject to final completion of terms, thereby freeing up liquidity and acting on attractive charter rates while securing good optionality from period and purchase options.\u00a0<\/p>\n
Furthermore, the company has\u00a0bought a\u00a0secondhand\u00a02014-built\u00a0Supramax\u00a0bulk carrier also built at NACKS scheduled to join the Norden fleet in September.<\/p>\n
Norden CEO Jan Rindbo<\/strong> noted that the trading activities are in\u00a0line with the company\u2019s strategy of asset trading and active management of its cyclical market exposure, where Norden sees attractive dry cargo asset opportunities after a long period with declining values.\u00a0<\/p>\n\u201cThese deals represent great tactical asset opportunities for Norden, which we are here acting on,\u201d <\/em>Rindbo said.<\/p>\n\u201cTonnage\u00a0prices are about\u00a010-20%\u00a0lower today\u00a0than 2018\/2019 levels,\u00a0where Norden sold 10 vessels.”\u00a0<\/em><\/p>\nThe\u00a0vessels\u00a0will join the core fleet of Norden owned and long-term chartered tanker and dry cargo vessels under the company\u2019s Asset Management business unit.\u00a0<\/p>\n![\"\"](\"https:\/\/cdn.offshorewind.biz\/file\/sites\/6\/2020\/08\/12104415\/Bulb_with_spindrift-1024x683.jpg\")
Image by Norden<\/figcaption><\/figure>\n<\/p>\nThe post Norden moves forward with fleet renewal<\/a> appeared first on Offshore Energy<\/a>.<\/p>\nworld maritime news<\/p>\n","protected":false},"excerpt":{"rendered":"
Acting on dry cargo asset opportunities, Danish shipping company Dampskibsselskabet Norden A\/S has announced new vessel deals. As informed, the company has added two bulkers to the existing newbuilding contract with shipbuilder Nantong\u00a0Cosco\u00a0KHI Ship Engineering Co. (NACKS), a joint venture between China COSCO shipping Group and Kawasaki Heavy Industries (KHI). In June, Norden signed a …<\/p>\n","protected":false},"author":1,"featured_media":15420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[1973,1738,2772,5251],"class_list":["post-15419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-fleet","tag-moves","tag-norden","tag-renewal"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/15419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=15419"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/15419\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/15420"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=15419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=15419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=15419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- \n
- Vessels<\/li>\n<\/ul><\/div>\n\n\t\t\tPosted:<\/span> about 1 month ago\n\t\t<\/div>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n
The order now encompasses a total of six vessels. <\/p>\n
Of this order, Norden has already sold two vessels on sale and leaseback terms, subject to final completion of terms, thereby freeing up liquidity and acting on attractive charter rates while securing good optionality from period and purchase options.\u00a0<\/p>\n
Furthermore, the company has\u00a0bought a\u00a0secondhand\u00a02014-built\u00a0Supramax\u00a0bulk carrier also built at NACKS scheduled to join the Norden fleet in September.<\/p>\n
Norden CEO Jan Rindbo<\/strong> noted that the trading activities are in\u00a0line with the company\u2019s strategy of asset trading and active management of its cyclical market exposure, where Norden sees attractive dry cargo asset opportunities after a long period with declining values.\u00a0<\/p>\n
\u201cThese deals represent great tactical asset opportunities for Norden, which we are here acting on,\u201d <\/em>Rindbo said.<\/p>\n
\u201cTonnage\u00a0prices are about\u00a010-20%\u00a0lower today\u00a0than 2018\/2019 levels,\u00a0where Norden sold 10 vessels.”\u00a0<\/em><\/p>\n
The\u00a0vessels\u00a0will join the core fleet of Norden owned and long-term chartered tanker and dry cargo vessels under the company\u2019s Asset Management business unit.\u00a0<\/p>\n
Image by Norden<\/figcaption><\/figure>\n<\/p>\n The post Norden moves forward with fleet renewal<\/a> appeared first on Offshore Energy<\/a>.<\/p>\n
world maritime news<\/p>\n","protected":false},"excerpt":{"rendered":"
Acting on dry cargo asset opportunities, Danish shipping company Dampskibsselskabet Norden A\/S has announced new vessel deals. As informed, the company has added two bulkers to the existing newbuilding contract with shipbuilder Nantong\u00a0Cosco\u00a0KHI Ship Engineering Co. (NACKS), a joint venture between China COSCO shipping Group and Kawasaki Heavy Industries (KHI). In June, Norden signed a …<\/p>\n","protected":false},"author":1,"featured_media":15420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[1973,1738,2772,5251],"class_list":["post-15419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-fleet","tag-moves","tag-norden","tag-renewal"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/15419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=15419"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/15419\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/15420"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=15419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=15419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=15419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}