Norden initiates billion dollar newbuilding investment
With three new credit facilities for a total USD 187 million the Danish dry bulk and tanker carrier has now secured partial financing for a massive newbuilding program worth a total of USD 1 billion. The first ships from a series of 37 will soon be delivered.
BY OLE ANDERSEN
Early next year Norden will take delivery of the first two eco-design product tanker vessels from a series of four, set to be delivered from Korean yard STX. The ships are expected to be 11-12 percent more fuel efficient than the most efficient ships in the carrier's existing tanker fleet, which is placed in the Norient pool.
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