NORDEN in brief
Dampskibsselskabet NORDEN A/S is an independent shipping company incorporated in Denmark and listed on Nasdaq Copenhagen as a part of the OMX Nordic Mid Cap index. See current market capitalisation here. NORDEN was founded in 1871, making it one of Denmark’s oldest internationally operating shipping companies. NORDEN operates in dry cargo and product tankers worldwide.
In dry cargo, NORDEN is one of the world’s largest operators of Supramax and Panamax dry cargo vessels and has activities in the Handysize and Post-Panamax vessel types as well. In total 249 dry cargo vessels (including Interorient Navigation Company Ltd. vessels and single trip chartered vessels). More
In tankers, NORDEN is active in the Handysize, MR and LR1 product tanker vessel types, in total 56 tanker vessels. More.
The product tanker activities are operated through the Norient Product Pool, which is managed by the 50% owned Norient Product Pool ApS. Norient Product Pool is the second largest product tanker pool in the world.
NORDEN’s fleet is among the most modern and competitive in the industry and NORDEN operates a mix of owned and chartered tonnage in total 249 dry cargo- (including single trip chartered vessels and INC vessels) and 56 tanker vessels. In addition NORDEN has a newbuilding programme in total 7 vessels on order (dry cargo (owned): 4, tanker (owned and chartered): 3). Dry cargo fleet. Tanker fleet.
NORDEN has its head office in Hellerup (Denmark) (230 employees incl. Site-offices) and offices in Singapore (34), Shanghai (China) (13), Annapolis (USA) (21), Rio de Janeiro (Brazil) (5), Mumbai (India) (9), Santiago (Chile) (2), Vancouver (Canada) (2) and Melbourne (Australia) (3). At its offices NORDEN has in total 319 employees and about 690 are employed on the Company’s owned vessels.
NORDEN was a founding member of Danish Shipping in 1884 and has since been a member. Furthermore NORDEN is a member of the international organisations; Intertanko (The International Association of Independent Tanker Owners), BIMCO (The Baltic and International Maritime Council) and ICC Denmark (International Chamber of Commerce). NORDEN is a signatory to the UN Global Compact, a member of the Maritime Anti-Corruption Network (MACN), member of the Trident Alliance and the industry-initiative for responsible supply chain, IMPA ACT.