ShippingWatch

DS Norden

NORDEN A/S is an independent shipping company incorporated in Denmark and listed on Nasdaq Copenhagen. NORDEN was founded in 1871, making it one of Denmark’s oldest internationally operating shipping companies.

Diamond S pulls 18 vessels out of Norden's tanker pool

Diamond S Shipping, controlled by current US Secretary of Commerce Wilbur Ross, is pulling its vessels out of Norden's tanker pool and Scorpio for strategic reasons. "Not a problem for us," says Søren Huscher, CEO of Norient Product Pool.

Norden's head of dry cargo targets growth with new venture

This summer, Danish carrier Norden launched its new operator business as a supplement to the owned and long-term chartered vessels. "This will be a good growth driver," Norden's Head of Dry Cargo, Christian Vinther Christensen, tells ShippingWatch.

Maersk Tankers far behind competitors

One of the next companies to be spun off from Maersk Group, Maersk Tankers, made a tactical error in the latest quarter, acknowledges CEO Christian Ingerslev to ShippingWatch. This led to a significantly bad result.

Here are next week's critical interim reports from shipping

Next week will bring Q2 interim reports from the heavy hitters in Danish shipping for a first half-year which saw positive developments in container and bulk, while the tanker market is challenged by weak rates and too many vessels. The Maersk report is widely seen as a test of Søren Skou after one year as Group CEO.

Norden to continue tanker fleet expansion

Carrier Norden has been very active in terms of expanding its tanker fleet in 2017 through acquisitions and charters. The carrier is focusing especially on MR vessels, while also adding Handysizes to the fleet.

Death on Norden vessel being investigated

A 38-year-old crew member from the Philippines has been killed in an accident on board Norden vessel Nord Quebec when the ship berthed at Troi-Riviéres in Canada. The Canadian authorities are investigating the accident.

Clarksons: Uncertainty spreads in bulk

Analyst firm Clarksons believes that "unabated optimism" in the dry bulk market earlier in 2017 has been replaced by more uncertainty and falling dry cargo values. Nevertheless, the analyst firm does not see cause for concern.

Strong bulk market surprised Norden CEO Jan Rindbo

Despite a "surprisingly strong" dry bulk market, Norden's bulk business showed weak performance in this year's first quarter because the carrier's tonnage was fully utilized. CEO Jan Rindbo expects an adjusted bulk result in the low end of the forecast, he tells ShippingWatch.

Norden logs USD 1 million profit in Q1

Norden booked a surprising profit on the bottom line in the first quarter. The bulk business still has an overall deficit, but is improving. Meanwhile, profits were reduced in the tanker business.

Analysts project crimson numbers from Norden

Although Norden's dry bulk business has been doing fairly well, the product tanker market still looks gloomy, according to analyst assessments ahead of the carrier's first quarter report presentation this Wednesday.

Norden makes big savings on fuel

Monitoring of fuel consumption on Norden's fleet has secured savings of nearly USD 25 million at the carrier, while the oil price decline has contributed to a strong reduction in costs, according to Norden News.

Dry bulk exec at Norden steps down

Norden's head of the carrier's two crucial vessel types in dry bulk has stepped down with immediate effect. According to the carrier, this is a consequence of a restructuring in the dry bulk division.

Dry bulk carriers detect increasing interest in Asia

Dry bulk carrier Klaveness has experienced a significant rise in interest from customers over the past year compared to the previous years in which the carrier has been present in Singapore. The bulk division at Norden in Singapore also notes a surge in activity, the carriers tell ShippingWatch.

Norden lost USD 35 million in 2016

Danish dry bulk and tanker carrier Norden finished 2016 with a deficit of USD 35 million. 2017 is only expected to be marginally better, says the carrier in the annual report.

Norden lands biggest-ever coal contract

Norden has signed its biggest-ever contract in terms of volume. The carrier will transport coal from the Philippines over a ten-year period, and the contract is set to begin in the first quarter next year.

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