Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

NordNeptuneDryCargo2.jpg Photo: Norden/FotoFlite
Panamax dry cargo vessel NORD NEPTUNE. 75,726 dwt, built 2006.

Norden adds two newbuilds at NACKS

Danish shipowner Norden has added two more bulkers to an order at Nantong Cosco Khi Ship Engineering Co (NACKS), as well as acquiring another secondhand.

Norden said it had added two newbuildings to an existing order for four bulkers at NACKS bringing the total to six. Additionally the company said it had acquired a 2014-built supramax bulker also built at NACKS and scheduled to join the company’s fleet in September.

“These deals represent great tactical asset opportunities for Norden, which we are here acting on,” said Norden ceo Jan Rindbo. “Tonnage prices are about 10-20% lower today than 2018/2019 levels, where Norden sold 10 vessels.”

The prices of the additional newbuildings and secondhand bulker were not revealed.

Of the previous four newbuilds ordered at NACKS two have already been sold on sale and leaseback terms.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish

SMN_Podcast_Leaderboard.jpg