Norden presses on with bulker flipping

Danish shipping giant Norden has bagged another bulker sale after taking a purchase option on chartered-in tonnage.

The Jan Rindbo-led owner and operator said it had offloaded an unnamed, previously leased handysize for an undisclosed sum in a deal that follows two similar, recently carried out asset plays.

Earlier this month, the Hellerup-based company revealed the sales of an unnamed ultramax and one handysize after taking purchase options on the vessels.

The latest deal marks Norden’s 12th disposal this year and its sixth by utilising purchase options as part of the company’s plan to “realise asset values. “Prior to this sale, Norden had 20 owned ships and 79 on long-term leases, with nearly 40 purchase options available this year.