NORDEN acquires four Capesize newbuildings to meet strong demands from customers looking to unlock economies of scale by sizing up to improve efficiencies while lowering emissions.
With the latest investments, adding to the five owned and seven chartered Capesize vessels, NORDEN gradually moves closer to its ambition to operate between 20-25 Capesizes, supporting its full-service approach by creating a truly unique customer offering across all dry cargo sizes. The investments are furthermore a testament to the long-term opportunities we are seeing in the dry cargo markets.
Besides giving customers the opportunity to upsize to improve supply-chain efficiencies, Capesizes also enables NORDEN to enhance the scope of current and future logistics projects, all while strengthening the ambitions to decarbonise our customers’ supply chains.
“With our latest investments in not only Capesizes but also in Projects & Parcelling and logistics, we are now able to provide our customers with a truly unique full-service approach across all dry cargo segments, with a strong focus on decarbonisation,” says Jan Rindbo, CEO of NORDEN.
The four state-of-the-art vessels are expected to be delivered between 2025-2027.
About Capesize vessels
Capesize bulk carriers are usually between 150,000-210,000 tonnes in deadweight with a length of 289 meters. The vessels are 45 meters wide with a draft of about 18 meters when fully loaded. The name Capesize originates from a time when the vessels were too large to transit the Suez Canal and Panama Canal and instead had to traverse between oceans via either Cape of Good Hope or Cape Horn.
