Norden Advances Strategic Fleet Renewal with Vessel Divestments, MPP Newbuilds and Share Buybacks

Norden Advances Strategic Fleet Renewal with Vessel Divestments, MPP Newbuilds and Share Buybacks

(IN BRIEF) Norden has sold one MR tanker and one Capesize vessel from its owned fleet, taking advantage of strong asset market conditions in both dry cargo and tanker segments. Alongside these divestments, the company is expanding its project cargo footprint by adding two leased multi-purpose newbuild vessels with purchase options, due for delivery in 2028, strengthening its ability to transport specialised and breakbulk cargo. The MPP segment’s favourable supply-demand dynamics support this move, which complements Norden’s broader fleet strategy. In addition, Norden continues to return value to shareholders, having repurchased 170,500 shares at an average price of DKK 249 as part of its ongoing share buy-back programme.

(PRESS RELEASE) HELLERUP, 8-Jan-2026 — /EuropaWire/ — NORDEN has confirmed the sale of two vessels from its owned fleet, comprising one MR tanker and one Capesize vessel, as the company continues to capitalise on favourable asset market conditions across both the dry cargo and tanker segments. The transactions reflect Norden’s disciplined approach to portfolio optimisation and its ability to unlock attractive asset values amid strong demand for second-hand tonnage.

At the same time, Norden is advancing its strategic expansion within the project cargo market. The company has entered into leases for two new multi-purpose (MPP) newbuild vessels, each with purchase options, scheduled for delivery in 2028. These additions align with Norden’s long-term ambition to strengthen its presence in specialised cargo transportation, including breakbulk and project cargoes, alongside its established dry bulk activities.

The MPP segment continues to benefit from supportive market fundamentals, characterised by an ageing global fleet, a limited orderbook, and a solid demand outlook. By securing modern newbuildings at this stage, Norden aims to enhance its service offering and provide customers with increased capacity and flexibility for complex and non-standard cargo requirements.

In parallel with its fleet strategy, Norden remains focused on delivering value to shareholders. As part of its previously announced share buy-back programme, the company has repurchased 170,500 shares at an average price of DKK 249 per share. These purchases were executed between the programme’s launch at the end of October and 30 December 2025, underlining Norden’s continued confidence in its capital allocation strategy.

Media Contact: 

Therese Möllevinge
Head of Investor Relations
thm@norden.com
+45 4137 1638

Anne-Louise Dam-Rasmussen
Head of Communications
ald@norden.com
+45 2156 1564

SOURCE: NORDEN