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Norden adds two newbuilds at NACKS

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

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