ShippingWatch

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.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Extreme container rates can push shippers into bankruptcy

Extreme container freight rates might lead to a string of bankruptcies for companies without transport deals, says shipping analyst Lars Jensen in an analysis to Shippingwatch. Particularly smaller fashion brands are under pressure, according to trade organization.

Containers piling up at Port of Felixstowe

Efficiency is dropping at UK container port Felixstowe while containers are piling up, according to Vesselsvalue. Some carriers are now opting to divert their vessels away from the port.

Further reading

Related articles

Trial banner

Latest news

See all jobs