Upturn prompts Norden to sell out of dry bulk fleet

Shipping company Norden has used the dry bulk upturn as an the opportunity to divest several vessels. Since the beginning of the year, the price of dry bulk vessels has gone up by around 80 percent, according to the carrier.

Photo: PR/Norden

Shipping company Norden has used the dry bulk upturn and increasing ship prices to trim its fleet.

In recent months, Norden has sold seven dry bulk vessels, according to a press release issued by the dry bulk and product tanker, without detailing the buyers or prices.

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