Norden is pleased to confirm that they have sold two vessels from our owned fleet, one MR tanker and one Capesize vessel, as they continue to realise significant asset values on the back of strong asset markets across dry cargo and tankers.

As a continuation of our strategy to grow our presence in the project cargo market, we have also added two Multi-purpose newbuilding leases with purchase options, to be delivered in 2028. The MPP segment benefits from favourable supply fundamentals with a rapidly ageing fleet and low orderbook, coupled with a strong demand outlook. These newbuildings will further strengthen our service to customers for transporting specialised cargoes such as breakbulk and project cargo in addition to traditional dry bulk commodities.

Furthermore, we continue to execute on the announced share buy-back programme and 170,500 shares have been acquired at an average price of DKK 249 per share from the initiation in end-October up until 30 December 2025.