NORDEN announced that it ordered six dry cargo vessels from Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS), a joint venture between COSCO Shipping and Kawasaki Heavy Industries, for delivery in the next two to three years.
In particular, all six orders are for Supramax vessels with a capacity of 64,000 deadweight tonnes.
Placing this newbuilding order is an integrated part of our asset trading strategy, whereby we can add dry cargo capacity with future delivery, which we think will be interesting both from a freight and asset value perspective.
…says Henrik Lykkegaard Madsen, Head of Asset Management.
As explained, having made sizeable reductions in the owned dry cargo fleet during 2022, NORDEN only owned around 6 dry cargo vessels at the end of the first quarter of this year. During 2023, NORDEN has gradually added more exposure towards the dry cargo market, effective from 2024 onwards.
The vessel types are among the most fuel-efficient ship designs in the market, which can use both traditional marine oil and biofuel, notes Henrik Lykkegaard Madsen. NORDEN considers biofuel a key transition fuel on our journey to reduce emissions and offer greener shipping solutions to our customers.
