NORDEN raises full-year guidance for 2025
(Posted on 28/04/25)
On the back of the increased gains from sales of vessels and good operational performance, NORDEN, a global provider of ocean-based freight services for bulk and project cargo of all sizes, has upgraded the 2025 full-year guidance and now expects a net profit in the range of USD 50 – 130 million (previously USD 20 – 100 million).
Founded in 1871, NORDEN is one of Denmark’s oldest internationally operating shipping companies, with 18 offices across six continents.
As part of a strategy to realise asset values, NORDEN have, year-to-date, sold in total eleven vessels, of which five of the vessels were from declared purchase options. For the full-year 2025, they now expect gains from the sale of vessels of USD 45 million (previously USD 16 million). After tax and other items, the expected full-year net profit impact of vessel transactions since latest announced guidance is USD 23 million.
Jan Rindbo, CEO, commented: “Thanks to the disciplined execution of our asset strategy, we have managed to unlock significant portfolio value. In the pursuit of attractive returns, we are actively managing our portfolio of owned and leased vessels with the intention of reducing risk in the near-term and adding exposure in the long-term.”
NORDEN will publish its Q1 2025 interim report on 1 May 2025.
Latest News
INTERCARGO welcomes ILO recognition of seafarers as key workers
(Posted on 28/04/25)The International Association of Dry Cargo Shipowners (INTERCARGO) has welcomed the recent decision... Read more
MMS advises why seafarers must remain vigilant about malaria
(Posted on 25/04/25)Despite its lack of publicity, malaria remains an ongoing epidemic and a perilous threat to seafarers... Read more
Veson: Bulker S&P activity falls sharply in Q1 2025
(Posted on 22/04/25)Due to market uncertainty, overall sale and purchase levels for Bulkers have fallen year on year, with... Read more
Britannia Group announces CEO succession plan
(Posted on 22/04/25)The Britannia Group, a leading P&I insurer, has announced that its Chief Executive, Andrew Cutler... Read more
INTERCARGO responds to IMO's decision on GHG reduction measures
(Posted on 15/04/25)At last week's landmark MEPC 83 meeting, the International Maritime Organization (IMO) Member States... Read more
NORDEN sells two additional vessels
(Posted on 15/04/25)In line with NORDEN’s strategy to realise asset values, the global provider of ocean-based freight... Read more
ILO delivers on Seafarers Key Worker Rights and fair treatment
(Posted on 15/04/25)The fifth meeting of the Special Tripartite Committee (STC) of the MLC concluded last week with some... Read more
Class societies collaborate to standardise emissions data fields at IMO
(Posted on 03/04/25)The International Maritime Organization (IMO) has confirmed the expansion of the data reference model... Read more
SEA-CARE looks for more holistic understanding of maritime safety
(Posted on 03/04/25)The SEA-CARE working group concluded its third session in February by confirming commitments to share... Read more
Torvald Klaveness consolidates groupwide digital solutions
(Posted on 31/03/25)Torvald Klaveness has announced the decision to consolidate all digital services under Klaveness Digital... Read more
