Press Releases & Corporate News

Press Releases & Corporate News http://www.ds-norden.com/investor/financialnews/pressreleases/ NORDEN publishes its Corporate Social Responsibility (CSR) report 2012 - Corporate News http://www.ds-norden.com/investor/financialnews/pressreleases/1362560799.html Dampskibsselskabet NORDEN A/S has published its Corporate Social Responsibility (CSR) report 2012... Dampskibsselskabet NORDEN A/S 2013-03-06T10:00:00+01:00 <h1>NORDEN publishes its Corporate Social Responsibility (CSR) report 2012 - Corporate News</h1> Dampskibsselskabet NORDEN A/S has published its Corporate Social Responsibility (CSR) report 2012. The CSR report presents an overview of NORDEN’s CSR Strategy, performance and future goals. NORDEN’s CSR strategy contains 7 focus areas which are transparency, CO2 efficiency, vessel safety, employee conditions, environmental management, anti-corruption and responsible supply chain management. Within the area of CO2 efficiency, NORDEN has a great focus on reducing CO2 emissions, as these reductions are proportionally linked with the reduction of vessels’ fuel consumption and hence costs as fuel costs in 2012 totaled USD 651 mio. – corresponding to 67% of the voyage costs. NORDEN aims to reduce CO2 emissions from owned vessels, exclusive of vessels on contract to third parties, by 25% by 2020 compared to the 2007 level. This target is aligned with the target set by the Danish Shipowners’ Association. Since 2007, NORDEN has reduced CO2 emissions from owned dry cargo vessels exclusive of vessels on contract to third parties by 18.2% and by 14.2% from owned tanker vessels exclusive of vessels on contract to third parties. The reductions are due to right steaming, which implies sailing with the optimal speed according to external conditions and time of call, technical improvements in connection with the implementation of NORDEN’S 10 Climate Action Plan initiatives and investments in fuel efficient vessels. These reductions have been calculated according to the Cargo Energy Efficiency Operational Indicator (Cargo EEOI) of the International Maritime Organisation (IMO) under the UN, which makes it possible to compare the yearly CO2 reduction regardless of changes in fleet size. It is defined as the amount of CO2, emitted per ton of cargo transported per nautical mile sailed. NORDEN uses Cargo EEOI as it focuses on laden voyages and excludes voyages in ballast and port stays. <img src="/public/billeder/arrow_right.png" alt=""> <a href="/investor/reportspresentations/csrreports/">Read the Corporate Social Responsibility (CSR) report 2012 here</a> <img src="/public/billeder/ar2012/CSR2012nyhedsbrev.jpg" alt=""> Contact: <a href="/profile/csr/csrcontact/">Michael Tønnes Jørgensen</a>, Chairman of CSR Executive Body NORDEN in Top 10 of the Carbon Disclosure Leadership Index http://www.ds-norden.com/investor/financialnews/pressreleases/1351081372.html NORDEN’s score has improved significantly in the independent British non-profit organisation Carbon Disclosure Project’s... Dampskibsselskabet NORDEN A/S 2012-10-24T14:15:00+02:00 <h1>NORDEN in Top 10 of the Carbon Disclosure Leadership Index</h1> NORDEN’s score has improved significantly in the independent British non-profit organisation Carbon Disclosure Project’s yearly and latest assessment of climate change disclosure practises. Scoring 90 points versus 82 in 2011, NORDEN is now ranked 7 (in 2011: 17) in the 2012 Carbon Disclosure Leadership Index and is, also this year, the only shipping company in the NORDIC Top 10, which counts companies from Sweden, Finland, Norway and Denmark. The index is a key component of the annual report from the Carbon Disclosure Project (CDP). Every year since 2008, NORDEN has reported in detail to CDP on our efforts in regard to climate changes – NORDEN’s 2012 CDP report is 50 pages long. With CDP as a communicator, NORDEN puts its environmental reporting at the free and unlimited disposal of more than 655 institutional investors worldwide who are backed by total funds of more than USD 78 trillion – 78,000 billion! – and who use CDP as a source when assessing companies with investment potential. Around 3,000 companies from approximately 60 countries report to CDP. Commenting on the 2012 ranking, Ulla E. Nielsen, Director CSR, NORDEN, says: “We are happy with this Top 10 ranking. Each year, we invest a lot of resources into further improving our reporting practise. The ranking from Carbon Disclosure Project shows that these efforts are also noted by external stakeholders and thus worth investing in. In addition, we are happy that our ranking in terms of our reporting practise is also supported by a top ranking in the CDP Performance Band where NORDEN is ranked B on a scale going from A to E.” Paul Simpson, CEO, Carbon Disclosure Project, says: “Enabling better decisions by providing investors, companies and governments with high quality information on how companies are managing their response to climate change and mitigating the risks from natural resource constraints has never been more important. CDP has pioneered the only global system that collects information about corporate behavior on climate change and water scarcity, on behalf of market forces, including shareholders and purchasing corporations.” <img src="https://www.ds-norden.com/public/billeder/arrow_right.png" alt=""> <a href="https://www.ds-norden.com/profile/csr/carbondisclosureproject/">Read more about Carbon Disclosure Project, various downloads, results and reports from this and previous years</a>  Contact: <a href="http://www.ds-norden.com/contact/copenhagen/corporatecommunications/?employee=JPS#JPS">Jens Peter Skaarup</a>, Senior Communications Manager Telephone (direct): +45 3271 0863 NORDEN receives a prize for its Annual Report 2011 http://www.ds-norden.com/investor/financialnews/pressreleases/1347954824.html NORDEN receives a prize for its Annual Report 2011 from the Confederation of Danish Industry and the Institute of State ... Dampskibsselskabet NORDEN A/S 2012-09-18T09:40:00+02:00 <h1>NORDEN receives a prize for its Annual Report 2011</h1> <h3><a id="id3557807" name="id3557807"></a>NORDEN receives a prize for its Annual Report 2011 from the Confederation of Danish Industry and the Institute of State Authorized Public Accounts in Denmark (FSR)</h3> On 17 September 2012, NORDEN received a special prize for the way its Annual Report 2011 describes expectations for the future. The prize is instituted by the Confederation of Danish Industry and the Institute of State Authorized Public Accounts in Denmark (FSR). However, it was the participants in the conference hosted by the founders of the prize who decided to give the special prize to NORDEN. 3 companies – chosen from all listed companies in Denmark and the 100 biggest companies in Denmark – were nominated. According to the jury, the following goes for 3 nominated companies’ ways of describing their expectations for the future: <ul> <li>Good overview, but also broad and specific as to the description of expectations.</li> <li>Good long-term estimates – not seen very often.</li> <li>Strategic goals, mid-term and long-term.</li> <li>Financial KPIs are used to define strategic goals.</li> <li>Discuss the important factors impacting expectations and expected developments.</li> </ul> Executive Vice President & CFO Michael Tønnes Jørgensen received the prize on behalf of NORDEN. Contact: <a href="http://www.ds-norden.com/contact/copenhagen/corporatecommunications/?employee=NBJ#NBJ">Nicolai Bro Jöhncke</a>, Head of Corporate Communications Telephone (mobile): +45 3069 9430 Sections describing expectations for the future Sections describing expectations for the future, please see pages 8,9,10,18,21,22,24,27,67,68 in the Annual Report 2011. <img src="/public/billeder/arrow_right.png" alt=""> <a href="/public/dokumenter/news_english/NORDENannualreport2011.pdf">Annual Report 2011</a> New head of Corporate Communications http://www.ds-norden.com/investor/financialnews/pressreleases/1335342860.html Press Release Dampskibsselskabet NORDEN A/S 2012-04-25T10:30:00+02:00 <h1>New head of Corporate Communications</h1> Press Release <h2><a id="id3690544" name="id3690544"></a>Nicolai Bro Jöhncke is new Director - Head of Corporate Communications</h2> With the title of Director, Nicolai Bro Jöhncke has been appointed new head of NORDEN’s Corporate Communications. He is trained as a journalist and comes from a position as head of communications at GlaxoSmithKline Pharma A/S. Nicolai Bro Jöhncke has previously been special adviser for the Conservative ministers of Transport and Energy Flemming Hansen and Jakob Axel Nielsen and the Conservative minister of Transport Carina Christensen. Before that, he was employed by the Conservative People's Party and press and information officer for DANCON in Iraq. Nicolai Bro Jöhncke's first working day with NORDEN will be on 1 May 2012. <img src="/public/billeder/Nyheder/NicolaiBroJohnckenyhed.jpg" alt=""> <a href="https://www.ds-norden.com/public/billeder/Nyheder/NicolaiBroJohncke.jpg">Download the photo above in high resolution here</a> Contact: <a href="http://www.ds-norden.com/contact/copenhagen/corporatecommunications/?employee=JPS#JPS">Jens Peter Skaarup</a>, Senior Communications Manager Telephone (direct): +45 3271 0863 NORDEN publishes its Corporate Social Responsibility (CSR) report 2011 - Corporate News http://www.ds-norden.com/investor/financialnews/pressreleases/1331110188.html Dampskibsselskabet NORDEN A/S has published its Corporate Social Responsibility (CSR) report... Dampskibsselskabet NORDEN A/S 2012-03-07T09:40:00+01:00 <h1>NORDEN publishes its Corporate Social Responsibility (CSR) report 2011 - Corporate News</h1> Dampskibsselskabet NORDEN A/S has published its Corporate Social Responsibility (CSR) report. The CSR report presents an overview of NORDEN’s CSR focus areas, performance and future goals. In 2011, NORDEN decided to strengthen its focus on climate by emphasising fuel efficiency as an essential element of its long-term business. Some of NORDEN’s achieved targets and results are listed below: <ul> <li>Reduce CO2 emissions by 25% from 2007 to 2020 for owned tanker and dry cargo vessels. Since 2007, NORDEN has reached 38% of this target for tanker vessels and 55% for dry cargo vessels. NORDEN is thus confident that it will reach the full reduction before 2020.</li> <li>Reduce the simple average sulphur content from 2.09% to max. 2% in total bunkers purchased in 2011. NORDEN has reached 33% of this target.</li> <li>Become part of the Leadership Index in the Carbon Disclosure Project (CDP) reporting. NORDEN has fully reached this target.</li> </ul> <img src="/public/billeder/arrow_right.png" alt=""> <a href="/investor/reportspresentations/csrreports/">Read the Corporate Social Responsibility (CSR) report 2011 here</a> Contact: <a href="/profile/csr/csrcontact/">Michael Tønnes Jørgensen</a>, Chairman of CSR Executive Body <img src="/public/billeder/illustrationer/CSR2011corpnews.jpg" alt=""> Mobile version of NORDEN's website - Corporate News http://www.ds-norden.com/investor/financialnews/pressreleases/1331029094.html Get NORDEN in the palm of your hand Now NORDEN’s website www.ds-norden.com has a little sister, a compact version ... Dampskibsselskabet NORDEN A/S 2012-03-05T11:10:00+01:00 <h1>Mobile version of NORDEN's website - Corporate News</h1> Get NORDEN in the palm of your hand Now NORDEN’s website <a href="http://www.ds-norden.com">www.ds-norden.com</a> has a little sister, a compact version, adapted to visitors from mobile units such as iPhones and iPads. When visiting NORDEN’s website from your mobile unit, you will in general automatically enter the mobile version m.ds-norden.com. NORDEN’s ordinary website format is of course best fitted to be displayed on a computer screen, whereas the mobile version has a special format to accommodate mobile units. The mobile version is not as extensive as her big sister – but contains the most sought-after as well as essential information needed when on the road and not close to a computer, namely: News, Reports, Fleet lists, Profile, Contact details, Share price monitor. <img src="/public/billeder/arrow_right.png" alt=""> Visit <a href="http://www.ds-norden.com/">m.ds-norden.com</a> (the link works from the most common mobile units and not from PC or Mac) <img src="/public/billeder/hulehaandnyhed.jpg" alt=""> NORDEN receives Information Prize for 2011 - Corporate News http://www.ds-norden.com/investor/financialnews/pressreleases/1326272142.html NORDEN has received the Information Award 2011 from The Danish Society of Financial Analysts (DDF). xxx ... Dampskibsselskabet NORDEN A/S 2012-01-12T09:10:00+01:00 <h1>NORDEN receives Information Prize for 2011 - Corporate News</h1> NORDEN receives Information Prize for 2011 from The Danish Society of Financial Analysts (DDF). Today, NORDEN received the Information Prize for 2011 from the Danish Society of Financial Analysts. ”Since the expansion of the group of shareholders in D/S NORDEN which commenced in 2007, the company has improved its information level to the share market significantly and now appears a role model for major Danish companies, and also for the global shipping industry,” according to the motivation behind the prize-giving. This – the Danish Society of Financial Analysts emphasises – has already been recognised in connection with the Information Prize for 2009 and also with a number of other accounting prizes. ”In spite of difficult market conditions, NORDEN has not reduced the amount of information given; on the contrary, it has published its focus for future improvements in its annual report,” according to the motivation for the prize. The Committee for Accounting Standards of the Danish Society of Financial Analysts emphasises the fact that NORDEN particularly lives up to the focus areas selected by the Committee for 2011, that is commenting on the effect of changes in input costs, a high level of detail in the interim reports with comments on the latest quarter, as well as easy access to management and relevant employees. It is pleasant, but also somewhat awe-inspiring, to be called a role model, said Carsten Mortensen, CEO of NORDEN, in his acceptance speech. ”This is not how we see ourselves. But we are always seeking to provide the NORDEN share with a label which is as clear as possible. And fortunately we have to this end a small team of dedicated employees within IR, communications and finance. They know their jobs really well. They know what is going on in NORDEN and in our markets. And they are therefore able to enter into a meaningful and qualified dialogue with you, just as they are able to prioritise and set a course. As I said two years ago, the art is not to inform about everything – no, the art is to select and deselect so that the focus remains on what is most important in order for you to evaluate NORDEN,” said Carsten Mortensen. Contact: <a href="http://www.ds-norden.com/contact/copenhagen/corporatecommunications/?employee=JPS#JPS">Jens Peter Skaarup</a>, Senior Communications Manager Telephone (direct): +45 3271 0863 Further information: <img src="/public/billeder/arrow_right.png" alt=""> <a href="http://www.finansanalytiker.dk/en-US/Home.aspx">The Danish Society of Financial Analysts (DDF) website</a> <a href="/investor/1326271952.html"><img src="/public/billeder/arrow_right.png" alt=""> NORDEN's CEO and President Carsten Mortensen's speech of thanks</a> <img src="/public/billeder/illustrationer/infoprisikon2011.jpg" alt=""> New head of NORDEN’s representative office in China - Corporate News http://www.ds-norden.com/investor/financialnews/pressreleases/1324456139.html NORDEN is pleased to announce that Felix Ng (Singaporean citizen... Dampskibsselskabet NORDEN A/S 2011-12-21T09:15:00+01:00 <h1>New head of NORDEN’s representative office in China - Corporate News</h1> NORDEN is pleased to announce that Felix Ng (Singaporean citizen, 45 years old) has joined the Company as head of <a href="/contact/shanghai/">NORDEN’s representative office in Shanghai in China</a>, titled Director & Chief Representative. He comes from a position as Vice President, Trading West (Europe, Americas and Africa) in Holcim Trading Madrid. China – the world’s largest importer of commodities – is by far NORDEN’s largest market. In 2010, 20% of all NORDEN dry cargoes were discharged in Chinese ports. NORDEN established its representative office in Shanghai back in 2002. Today, the office has 14 employees. Felix Ng has almost 20 years of experience in commodity trading. He has held various positions within Holcim, which he joined in 1997. Before taking up the position in Madrid in 2008, he was based in Singapore and Beijing. He got his initial experience within commodity trading when working for Sinotrad Pte. Ltd., Singapore, from 1992 to 1997. Felix Ng holds a university degree from Perth in Western Australia followed up by Holcim/IMD leadership program and senior management program. <img src="/public/billeder/contactperson/FNG.jpg" alt=""> <a href="/public/billeder/illustrationer/Felix_Ng_2011_highres.jpg">Download the photo above in high resolution here</a> Contact person: <a href="www.ds-norden.com/contact/copenhagen/corporatecommunications/?employee=JPST#JPS">Jens Peter Skaarup</a>, Senior Communications Manager, Corporate Communications & CSR Telephone: + 45 3271 0863 Email: <a href="mailto:jps@ds%E2%80%90norden.com">jps@ds‐norden.com</a> NORDEN wins annual report award for the fifth time - Corporate News http://www.ds-norden.com/investor/financialnews/pressreleases/1319725539.html The prize – C20 Regnskabsprisen – was presented for NORDEN’s Annual Report 2010... Dampskibsselskabet NORDEN A/S 2011-10-27T16:20:00+02:00 <h1>NORDEN wins annual report award for the fifth time - Corporate News</h1> The prize – C20 Regnskabsprisen – was presented for NORDEN’s Annual Report 2010, which according to the jury is the best annual report from the OMXC20 listed companies to describe a company’s value creation, long term goals and operational and financial risks. The award is instituted by PwC in Copenhagen, but the winners are found by an independent and broadly composed jury headed by professor Thomas Plenborg from Copenhagen Business School. It is the first time C20 Regnskabsprisen is presented. It is the fifth time NORDEN is awarded for its annual reports. It also happened in 2002, 2007 and 2010 (two prizes), when the Danish business newspaper Børsen and the Institute of State Authorised Public Accountants in Denmark (FSR) awarded annual reports. The jury’s reasons for awarding NORDEN’s Annual Report 2010 include the following: “By reading the annual report from NORDEN a reader of annual reports without previous knowledge about the shipping industry in general and NORDEN in specific is dressed to understand a company’s value creation, long term goals and the risks taken by the company. This is done really well. (…) To be highlighted in particular is a detailed analysis of covered ship days and the rates in the contracts compared to the market rates. Clear longterm financial goals are set, as well as it is clearly described how to reach these goals. (…) The investor gets a clear impression of the company in which he has or might want to invest in.” The award was presented to Michael Tønnes Jørgensen, CFO of NORDEN, who received it on behalf of NORDEN and had the following reaction: “The annual report is our informative labelling, in which we present what we consider most important to evaluate NORDEN. It is operation, organisation, markets and results in the past year. It is also our detailed plans and assumptions with respect to market developments in the year to come. Furthermore, it is the strategy and the longterm financial and commercial goals.” <img src="/public/billeder/arrow_right.png" alt=""> <a href="http://www.ds-norden.com/investor/reportspresentations/reportsandwebcasts/">Read NORDEN's Annual Report 2010</a> <img src="https://www.ds-norden.com/public/billeder/illustrationer/2011/AR2010ikon_2011_120x180.jpg" alt=""> NORDEN best transportation company to report on climate initiatives - Corporate News http://www.ds-norden.com/investor/financialnews/pressreleases/1319720893.html Again this year ... Dampskibsselskabet NORDEN A/S 2011-10-27T15:05:00+02:00 <h1>NORDEN best transportation company to report on climate initiatives - Corporate News</h1> Again this year, NORDEN is the transportation company in the Nordic countries with the most professional approach to climate change disclosure practices according to the independent nonprofit organisation Carbon Disclosure Project’s yearly assessment. Globally about 3000 companies in approximately 60 countries have reported about their climate change disclosure practices to Carbon Disclosure Project which is supported by the world’s leading investors. 260 Nordic companies have reported about their efforts, risks and options as to climate changes. Ranked 17, NORDEN is the best positioned transportation company and the only shipping company in Top 20 which counts companies from Sweden, Finland, Norway and Denmark. Thus NORDEN is included in The 2011 Carbon Performance Leadership Index, highlighting companies, which have displayed the most professional approach to climate change disclosure practices. In 2010, NORDEN achieved a position as number 18 in the index. <img src="https://www.ds-norden.com/public/billeder/arrow_right.png" alt=""> <a href="https://www.ds-norden.com/profile/csr/carbondisclosureproject/">Read more about Carbon Disclosure Project and comments to the 2011 ranking</a> NORDEN discharges 49,000 tons of Chilean road salt - Corporate News http://www.ds-norden.com/investor/financialnews/pressreleases/5679.html - and more is on the way This morning, NORDEN’s Handymax vessel NORD MARINER discharged the remainder of 49 ... Dampskibsselskabet NORDEN A/S 2011-01-19T13:25:00+01:00 <h1>NORDEN discharges 49,000 tons of Chilean road salt - Corporate News</h1> <h2><a id="id3059770" name="id3059770"></a>- and more is on the way</h2> <h3><a id="id3493484" name="id3493484"></a>This morning, NORDEN’s Handymax vessel NORD MARINER discharged the remainder of 49,000 tons of road salt – equivalent to approx. 1,630 truck loads - at the port of Kalundborg. Other NORDEN vessels loaded with an additional 0.5 million tons of road salt, are on their way to Northern Europe.</h3> The early and long-lasting frost has increased the demand for road salt in Denmark and Northern Europe. To refill the stocks of salt before the next frost, European salt purchasing agents have stretched their search all the way to Chile and Western Australia to find salt readily available and plentiful. The increased European demand has caused some fluctuation in NORDEN’s salt shipments, and NORDEN vessels are carrying more than 0.5 million tons of road salt for delivery in Northern Europe in January and February. Last week, the Handymax vessel NORD MARINER loaded with approx. 49,000 tons of salt from Chile, discharged approx. 2,700 tons at the port of Fredericia. Since Monday morning this week, the port of Kalundborg has been busy discharging the remaining 46,300 tons. The other vessels headed for Northern Europe are all expected to arrive in January and February. In 2009, NORDEN’s salt shipments constituted approx. 10% of the Company’s total cargoes. The salt is used for de-icing roads in winter, chemical production and the production of caustic soda. The large salt shipments to Northern Europe these months are unusual compared to NORDEN’s regular salt shipments primarily going from Western Australia and Chile to USA, China, Taiwan and Japan. <img src="/public/billeder/illustrationer/nordmarinervessel.jpg" alt=""> Photo: Jon Norddahl NORD MARINER discharges road salt at Kalundborg on 17 January 2011 <a href="/public/billeder/illustrationer/NORD_MARINER_vesselmedium.jpg">Download the photo above in high resolution</a> <img src="/public/billeder/illustrationer/nordmarinersalt.jpg" alt=""> Photo: Jon Norddahl Salt is discharged with quayside cranes and then loaded into trucks <a href="/public/billeder/illustrationer/NORD_MARINER_saltmedium.jpg">Download the photo above in high resolution</a> <img src="/public/billeder/illustrationer/nordmarinergrab.jpg" alt=""> Photo: Jon Norddahl <a href="/public/billeder/illustrationer/NORD_MARINER_grabmedium.jpg" target="_blank">Download the photo above in high resolution</a> Contact person: <a href="http://www.ds-norden.com/contact/copenhagen/corporatecommunications/?employee=ANT#ANT">Anne Thommesen</a>, Senior Communications Manager, Corporate Communications & CSR Telephone: +45 3315 0451 Email: <a href="mailto:ant@ds-norden.com">ant@ds-norden.com</a> NORDEN appoints Vice Presidents and Directors - Company News http://www.ds-norden.com/investor/financialnews/pressreleases/5648.html NORDEN enhances its organisation and management structures with the appointment of a number of Vice Presidents and Direc... Dampskibsselskabet NORDEN A/S 2010-12-14T14:55:00+01:00 <h1>NORDEN appoints Vice Presidents and Directors - Company News</h1> NORDEN enhances its organisation and management structures with the appointment of a number of Vice Presidents and Directors with effect from 1 January 2011. “We will give due recognition to some competent people by promoting them as deserved. By doing so, we will create coherence between the titles of the managers and their responsibilities and roles”, says Carsten Mortensen, CEO. <h3><a id="id3248947" name="id3248947"></a>NORDEN has appointed the following persons Vice President:</h3> Michael Boetius, Manager of NORDEN Post-Panamax Pool and the Capesize Chartering Section. Michael Boetius is 40 years old, shipping-trained and joined NORDEN in 2007. Hans Bøving, Manager of Corporate Communications & CSR Department. Hans Bøving is 48 years old, a journalist by profession and joined NORDEN in 2008. Mikkel Fruergaard, Manager of the Panamax Chartering Section. Mikkel Fruergaard is 32 years old, shipping-trained and joined NORDEN in 2004. Thomas Jarde, Manager of the Handymax Chartering Section. Thomas Jarde is 38 years old, shipping-trained and joined NORDEN in 2002. Christian Ingerslev, Manager of NORDEN Handysize Pool. Christian Ingerslev is 41 years old, shipping-trained and joined NORDEN in 2006. Dorte Nielsen, Manager of the Dry Cargo Operations Section. Dorte Nielsen is 34 years old, shipping-trained and joined NORDEN in 2001. <h3><a id="id3293120" name="id3293120"></a>Moreover, NORDEN and Norient have appointed the following persons Director (new title):</h3> Mikkel Borresen, Manager of NORDEN Tankers & Bulkers (US) in Annapolis. 33 years old. Joined NORDEN in 1998. Michael Bonderup, Manager of NORDEN Shipping (Shanghai) in China. 36 years old. Joined NORDEN in 2002. Sture Freudenreich, Manager of NORDEN’s IT Department. 39 years old. Joined NORDEN in 1999. Henrik Lykkegaard Madsen, Manager of the Dry Cargo Projects Section. 48 years old. Joined NORDEN in 2010. Jens Malund Jensen, Manager of the Norient Product Pool Operations Section. 42 years old. Joined Norient in 2010. Thomas Hechmann, Manager of Norient Product Pool (US) in Annapolis. 34 years old. Joined Norient in 2005. Ulla E. Nielsen, responsible for CSR. 38 years old. Joined Norient Product Pool in 2008 and will join NORDEN from 2011. Søren Westergaard, Manager of the Newbuilding Section in the Technical Department. 50 years old. Joined NORDEN in 1994. Finally, Mukhlisin Aziz from the Singapore office has been appointed General Manager. Further information: Carsten Mortensen, President & CEO Telephone: +45 3315 0451 NORDEN wins 2 annual report awards - Corporate News http://www.ds-norden.com/investor/financialnews/pressreleases/nordenwins2annualreportawards.html Yesterday NORDEN won the Annual Report Award and the Best Annual Report Award for listed OMXC20 companies ... Dampskibsselskabet NORDEN A/S 2010-10-29T13:50:00+02:00 <h1>NORDEN wins 2 annual report awards - Corporate News</h1> <h3><a id="id3859605" name="id3859605"></a>Yesterday NORDEN won the Annual Report Award and the Best Annual Report Award for listed OMXC20 companies.</h3> The prizes are awarded by the Danish leading business newspaper Børsen and the Institute of State Authorised Public Accountants in Denmark (FSR). Yesterday, the awards were presented to Michael Tønnes Jørgensen, CFO of NORDEN, by the Chairman of the award committee and state authorised public accountant Eskild Nørregaard Jakobsen, who offered the following reasons for giving the award to NORDEN: ”It is the award committee’s opinion that NORDEN has prepared a consolidated annual report of high quality, which also contains a number of improvements on previous years.” He also emphasised that ”the Management’s review in the annual report is structured in a much better way with new sections on financial position, fleet costs and description of perspectives in the segments Dry Cargo and Tankers.” Eskild Nørregaard Jakobsen further said that ”NORDEN openly describes corporate social responsibility, and it is the opinion of the award committee that the outlook for 2010 is presented in a sober manner. With respect to the financial statements the audit committee stressed the good and adequate note on significant accounting estimates, which is separated from the accounting policies decisions made by the Management. Also, NORDEN’s note on risk management is very comprehensive, informative and relevant considering the financial crisis” CFO Michael Tønnes Jørgensen had the following reaction to the award: ”We attempt in an honest and trustworthy manner to describe what we do, why we do it and what we expect to achieve – as well as the assumptions on which we base our performance, strategy and expectations. We describe how we see markets, challenges and risks, – and risk management is a very important discipline, which has been described in detail. We use the information in the annual report to manage NORDEN. Consequently, the annual report reflects the company very well – nothing has been invented for the occasion. NORDEN’s report is both retrospective and forward-looking, and it has therefore been obvious to strengthen the forward-looking contents, providing systematic information about 2010.” <a href="/public/dokumenter/reports/english/UK2009web.PDF">pdf You can read NORDEN’s annual report for 2009 here</a> <a href="http://www.ds-norden.com/public/dokumenter/reports/english/UK2009web.PDF"><img src="/public/billeder/illustrationer/ar2009dkikon.jpg" alt=""></a> <a href="/investor/presscentre/photogallery/">Photo gallery <img src="/public/billeder/arrow.gif" alt=""> </a> Changed vessel design reduces fuel consumption by 11% - Corporate News http://www.ds-norden.com/investor/financialnews/pressreleases/5189.html 2 of NORDEN's owned Panamax vessels will be sailing for the next 10 years for leading aluminum company, Rio Tinto Alcan ... Dampskibsselskabet NORDEN A/S 2010-08-19T09:10:00+02:00 <h1>Changed vessel design reduces fuel consumption by 11% - Corporate News</h1> <h3><a id="id3688892" name="id3688892"></a>A change in the design of 2 new Handysize dry cargo vessels cuts off 11% of the fuel consumption and hereby also the CO2 emission. The renewed design is expected to be used on more future newbuildings.</h3> A larger main engine and a larger propeller are the main ingredients in how NORDEN in cooperation with the Jiangmen Nanyang Shipyard (JNS), Shanghai Bestway Marine Engineering Design and Stone Marine Propulsion has modified a vessel design to achieve a significant reduction in the fuel consumption on 2 of NORDEN’s new Handysize vessels. “According to our calculations the investments in redesign will be paid back in 4 years by the savings in fuel consumption. In addition to this, we expect that the design will increase the market value of the vessels. This initiative is a text book example of how environmental and economic concerns walk hand in hand, which is why we have had no doubts whether we should invest in this project or not. At the same time this is yet another step to ensure progress in our work in the climate area,” says Senior Vice President Lars Lundegaard, Head of NORDEN’s Technical Department. Senior New Building Manager Alex Hjortnæs from the Newbuilding Section in the Technical Department is the man behind the idea for the modified design. In short, the redesign consists of a larger main engine, which is optimised to a lower rotation speed, and a larger propeller. The design is developed from the principle that a large propeller turning slowly has a higher efficiency compared to a small propeller turning quickly. The 2 new vessels, which will be delivered at the turn of the year 2011/2012, will also be fitted according to NORDEN’s usual initiatives to achieve the most environmentally friendly design. These initiatives are generally estimated to reduce fuel consumption and CO2 emission by approx. 3%. On top of this comes one of NORDEN’s latest initiatives; new antifoulings which will potentially cut off another 2% in fuel consumption and CO2, because they reduce the vessel’s propulsion resistance in the water. On the 2 new Handysize vessels, NORDEN’s calculations show that energy economy can be improved by approx. 15.4% in total. NORDEN currently investigates how the changed design can be implemented on future newbuildings. Contact: <a href="http://www.ds-norden.com/contact/copenhagen/technicaldepartment-management/?employee=LLU#LLU" target="_blank">Lars Lundegaard</a>, Senior Vice President Telephone (direct): +45 3342 0540<a href="#"><img src="data:image/png;base64,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" alt=""></a> <a href="http://www.ds-norden.com/contact/copenhagen/corporatecommunications/?employee=HBO#HBO">Hans Bøving</a>, Head of Corporate Communications Telephone (direct): +45 3271 0865<a href="#"><img src="data:image/png;base64,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" alt=""></a> <img src="/public/billeder/illustrationer/propellersmall.JPG" alt=""> Propeller - <a href="/public/billeder/illustrationer/propeller.JPG" target="_blank">download high resolution photo</a> New contracts increase NORDEN's long-term coverage in Dry Cargo - Corporate News http://www.ds-norden.com/investor/financialnews/pressreleases/5054.html 2 of NORDEN's owned Panamax vessels will be sailing for the next 10 years for leading aluminum company, Rio Tinto Alcan ... Dampskibsselskabet NORDEN A/S 2010-05-11T09:10:00+02:00 <h1>New contracts increase NORDEN's long-term coverage in Dry Cargo - Corporate News</h1> <h3><a id="id3688892" name="id3688892"></a>2 of NORDEN's owned Panamax vessels will be sailing for the next 10 years for leading aluminum company, Rio Tinto Alcan. The vessels will predominantly be transporting bauxite to the St. Lawrence and Saguenay Rivers in Eastern Canada where ice classed vessels are the only option during the wintertime.</h3> In a very short time, NORDEN's Panamax vessel <a href="/drycargo/fleetlist/nordpol">NORDPOL</a> will be docked and rebuilt to be able to enter the icy waters of the St Lawrence and Saguenay Rivers. During winter, which lasts from December through April, the ice is often more than one meter thick, and is comprised to a large extent of fresh water ice, which is particularly dense. This ice makes the area inaccessible for vessels without ice class. NORPOL is to be ready and ice classed in the fourth quarter of this year, when the vessel is to sail for Rio Tinto Alcan until 2020. NORDEN will have 2 ice classed Panamax vessels, NORDPOL and NORDKAP, chartered out to Rio Tinto Alcan for 10 years each. <a href="/drycargo/fleetlist/nordkap">NORDKAP</a>, which was rebuilt to sail ice in 2006, has been sailing for Rio Tinto Alcan since then during wintertime. This contract has now been expanded to include sailing during the summer. NORDKAP will be 100% chartered out to the company until 2020 as well. "We are happy to be able to strengthen our relations with Rio Tinto Alcan and see this as a good example of the strong and solid partnerships we aim to build with our customers. This time we have additionally managed to find a solution where we are rebuilding our vessels to meet the special needs of the company," says Peter Norborg, Senior Vice President in NORDEN's Dry Cargo Department. Contact: <a href="http://www.ds-norden.com/contact/copenhagen/drycargodepartment-management/?employee=PN#PN">Peter Norborg</a>, Senior Vice President Telephone (direct): +45 3342 0557 <img src="/public/billeder/illustrationer/nordkapice.JPG" alt=""> NORDKAP sailing in ice - <a href="/public/billeder/illustrationer/NORDKAPicehigh.JPG" target="_blank">download high resolution photo</a> NORDEN received Information Award - Corporate News http://www.ds-norden.com/investor/financialnews/pressreleases/4865.html NORDEN has received the Information Award 2009 from The Danish Society of Financial Analysts (DDF) ... Dampskibsselskabet NORDEN A/S 2010-01-12T09:10:00+01:00 <h1>NORDEN received Information Award - Corporate News</h1> NORDEN has received the Information Award 2009 from The Danish Society of Financial Analysts (DDF). NORDEN was Monday presented with the Information Award 2009 at The Danish Society of Financial Analysts’ Annual New Year Event Dinner. ”NORDEN receives the award for its whole of information, which is impressive in depth as well as in width. NORDEN provides extensive and very detailed information which is conveyed to the stock market through annual report, web site, and through ongoing contact with investors and analysts,” said Jens Houe Thomsen, Chairman of DDF's Committee for Accounting Standards. ” Naturally, I’m proud of accepting this award on behalf of NORDEN – and I’m immensely proud of my employees who deserve the credit for us coming so far in terms of communicating what we do in the Company. The art is not to simply inform stakeholders of every little detail – the art is to be able to select and deselect information in order to inform stakeholders of the important matters required to assess a company. We have adapted business, capacity, costs, organisation and investments significantly this past year. We have sought to inform the share market as openly and honestly as possible of our efforts and performance. And we have sought to keep focus on the dialogue, although I may admit that at times it has been difficult to find the time to do so. Today’s award is a very motivational factor in our efforts to raise the bar within the right areas – not in all, but within the right ones,” said NORDEN’s CEO and President, Carsten Mortensen at the presentation. It is the first time for NORDEN to receive DDF’s Information Award. In 2007 NORDEN received the Information Diploma for the company’s reporting. Novo Nordisk has received DDF’s Information Award the past two years and before this companies like Danske Bank and GN Store Nord have received the prize. Contact: <a href="http://www.ds-norden.com/contact/copenhagen/corporatecommunications/?employee=HBO#HBO">Hans Bøving</a>, Head of Corporate Communications Telephone (direct): +45 3271 0865 Further information: <a href="/investor/4866.html">CEO and President Carsten Mortensen's speech of thanks <img src="/public/billeder/arrow.gif" alt=""></a> <img src="/public/billeder/illustrationer/CMaug2009ikon.jpg" alt=""> Carsten Mortensen - <a href="/public/billeder/illustrationer/CarstenMortensenCEONORDENAug2009roofportraiandNORDENflag.jpg" target="_blank">download high resolution photo</a> NORDEN extends scholarship program with Shanghai Maritime University - Corporate News http://www.ds-norden.com/investor/financialnews/pressreleases/4800.html Students and professors were presented with NORDEN scholarships and awards by Singapore’s Minister of Finance and Transp... Dampskibsselskabet NORDEN A/S 2009-11-17T09:10:00+01:00 <h1>NORDEN extends scholarship program with Shanghai Maritime University - Corporate News</h1> <h3><a id="id3200943" name="id3200943"></a>Students and professors were presented with NORDEN scholarships and awards by Singapore’s Minister of Finance and Transport Lim Hwee Hua at an event in Shanghai. NORDEN extends the scholarships for another five years.</h3> ”This is the fifth year that NORDEN awards five scholarships to outstanding students from Shanghai Maritime University and two excellent educators from this distinguished institution,” said Carsten Mortensen, CEO and President of NORDEN, as a prelude to the award ceremony, where the management of SMU took part along with students, staff representatives, and international guests from the shipping industry. The scholarships and awards are every year presented by prominent guests and this year they were presented by Lim Hwee Hua, Second Minister for Finance and Second Minister for Transport in Singapore. In previous years the awards have been presented by Danish princess Alexandra, Danish former Minister of Business and Industry Bendt Bendtsen, badminton player Peter Gade and table tennis player Michael Maze. <h3><a id="id3201608" name="id3201608"></a>Extends the programs</h3> ”The relationship between NORDEN and SMU has developed over the past five years. Apart from the scholarships that has brought us here tonight, it encompasses annual workshops conducted by NORDEN staff at the campus and internship for promising young professors at NORDEN offices in Hellerup (DK) and Singapore. I am pleased to announce here tonight that we will extend the NORDEN scholarship program at SMU for another 5 years,” said Carsten Mortensen. <table width="50%" border="0" cellpadding="0" cellspacing="0" align="left"> <tr> <td><img src="/public/billeder/illustrationer/smu2009.jpg" alt=""></td> </tr> <tr> <td> Prizes and awards for students and educators at SMU were presented by Lim Hwee Hua, Second Minister for Finance and Second Minister for Transport in Singapore, and Carsten Mortensen, CEO and President of NORDEN (centre). <a href="/public/billeder/illustrationer/SMU2009higher.jpg">Download photo</a> </td> </tr> </table> <h3><a id="id3319446" name="id3319446"></a> </h3> <h3><a id="id3239036" name="id3239036"></a>Scholarship and award amounts increased</h3> The collaboration between NORDEN and SMU, which is one of China’s leading institutions for higher maritime education, was created in 2005. The collaboration encompasses two programs; a scholarship program for students and an award program for professors and educators. ”NORDEN Scholarship Program” has been designed to encourage students to study enthusiastically and progress in academic achievements. Every year scholarships will be granted to third year students who display the best moral, intellectual, sports, aesthetic and academic qualities. Five students from multidiscipline maritime majors will receive an amount of 15,000 RMB per student per year. (The amount has from this year been increased from 10,000 RMB). ”NORDEN Best Educator Award” aims at encouraging faculty progess in education and academic research. The award will be granted to the professor or teacher whose faculty is nomiated as ”The Best Faculty” by students at the University. A total of two professors will receive the award each year, with an amount of 8,000 RMB per winner per year. Winners are chosen based on their outstanding performance in teaching and education, academic research and integrity in morality and conduct. Contact: <a href="http://www.ds-norden.com/contact/singapore/managementsecretariat/?employee=PB#PB">Peter Borup</a>, Managing Director, Singapore. Group Senior Vice President, "NORDEN" Asia Mobile: +65 98298235 NORDEN enters into new strategic vessel type for bulk transports - Corporate News http://www.ds-norden.com/investor/financialnews/pressreleases/4787.html On October 30th NORDEN held a naming ceremony at Shanghai Shipyard for the first in a pool of 16 Post-Panamax bulk carr... Dampskibsselskabet NORDEN A/S 2009-10-30T10:10:00+01:00 <h1>NORDEN enters into new strategic vessel type for bulk transports - Corporate News</h1> <h3><a id="id3200943" name="id3200943"></a>On October 30th NORDEN held a naming ceremony at Shanghai Shipyard for the first in a pool of 16 Post-Panamax bulk carriers. The new pool collaboration is to ensure NORDEN and its partner a leading position in this market.</h3> NORDEN takes its first step towards the launching of a new pool of vessels together with Interorient Navigation Company Ltd. (INC) of Cyprus. At a ceremony at the Shanghai Shipyard, NORDEN’s first Post Panamax vessel was named NORD DELPHINUS, after a star constellation in the northern sky. The naming was conducted by Mrs Lim Hwee Hua, who is the first woman in Singapore to become full Cabinet Minister in the Prime Minister’s Office and, for a number of years, Minister for Transport and Finance. “I am confident that this vessel will prove to be a great addition to NORDEN's fleet, and at the same time, stand out as a symbol of good relationship between NORDEN and Singapore,” said Carsten Mortensen, CEO and President of NORDEN. <h3><a id="id3194765" name="id3194765"></a>Strategically important vessel type</h3> NORD DELPHINUS is the first in a series of four Post-Panamax bulk carriers built for NORDEN by Shanghai Shipyard and China State Shipbuilding Corp (CSSC). They will be joined by four other vessels from other yards. The eight vessels will be pooled with additional eight vessels from INC. The pool will manage a joint fleet of at least 16 Post-Panamax vessels, including 12 newbuildings owned by the two partners in the pool. The pool will be launched on 1 January 2010. The new vessel type is expected to fill the gap between Panamax and Capesize due to its loading capacity and draft efficiency. Post-Panamax loads 85-120,000 dwt, which is more than traditional Panamax vessels and will be able to pass through the Panama Canal following its planned expansion in 2014. “In many cases Post-Panamax will be a commercially attractive alternative for carrying coal and iron ore, e.g. from the east coast of the USA to the Continent, as well as from Australia and Indonesia to ports in India and Southeast Asia. We expect the Post-Panamax Pool within a few years to become among the leading suppliers globally in this strategically important vessel type,” says Michael Boetius, Senior Chartering Manager of NORDEN’s Post- Panamax section. <h3><a id="id3194796" name="id3194796"></a>Faster route to critical mass</h3> The collaboration with INC offers NORDEN a faster route to critical mass in the Post-Panamax segment. By pooling with INC, both partners achieve enhanced market coverage, and the ability to offer better and more flexible services and to generate important economies of scale. The Post-Panamax pool collaboration is an extension of NORDEN’s partnership with INC in the tanker market, where the jointly owned Norient Product Pool has grown to operate 61 vessels with 14 on order. The marketing and commercial management of the Post-Panamax pool will be handled by NORDEN. Contact: <a href="http://www.ds-norden.com/contact/copenhagen/3964/?employee=MBT#MBT">Michael Boetius</a>, Senior Chartering Manager, mobile phone: +45 2338 3908 <table width="50%" border="0" cellpadding="0" cellspacing="0" align="left"> <tr> <td><img src="/public/billeder/illustrationer/NORDDELPHINUSfront.jpg" alt=""></td> </tr> <tr> <td> NORD DELPHINUS under construction at Shanghai Shipyard (SSY), China . <a href="/public/billeder/illustrationer/NORDDELPHINUShigh.jpg">Download photo</a> </td> </tr> </table> <table width="50%" border="0" cellpadding="0" cellspacing="0" align="left"> <tr> <td><img src="/public/billeder/illustrationer/Delphinusnews.jpg" alt=""></td> </tr> <tr> <td> Naming ceremony - NORD DELPHINUS. <a href="/public/billeder/illustrationer/Picture037.jpg">Download photo</a> NORD DELPHINUS is the biggest vessel ever built by Shanghai Shipyard on Chongming Island. So far the biggest vessel constructed was 57,000 dwt, NORD DELPHINUS is 114,500 dwt. </td> </tr> </table> NORDEN names first of 6 new MR product carriers - Corporate News http://www.ds-norden.com/investor/financialnews/pressreleases/4783.html NORDEN names the first of 6 new MR product tankers from Imabari Shipbuilding Co... Dampskibsselskabet NORDEN A/S 2009-10-27T10:10:00+01:00 <h1>NORDEN names first of 6 new MR product carriers - Corporate News </h1> <h3><a id="id3200943" name="id3200943"></a>NORDEN names the first of 6 new MR product tankers from Imabari Shipbuilding Co. The ceremony followed NORDEN’s annual event for Japanese partners.</h3> The most recent addition to NORDEN’s tanker fleet – a 48,006 dwt Medium Range (MR) product tanker – has been named NORD IMAGINATION at a ceremony at Iwagi Zosen Shipyard, one of 8 yards in the Seto Inland Sea region which together form Japan’s leading ship builder, Imabari Shipbuilding Co. Ltd. <table width="50%" border="0" cellpadding="0" cellspacing="0" align="left"> <tr> <td><img src="/public/billeder/illustrationer/Imagination1low.JPG" alt=""></td> </tr> <tr> <td> Naming of NORD IMAGINATION. <a href="/public/billeder/illustrationer/Imagination1high.JPG">Download photo</a> </td> </tr> </table> NORD IMAGINATION will be delivered to NORDEN on 30 October and will enter Norient Product Pool. Her maiden voyage goes to Singapore and her first assignment is with one of the Pool’s regular clients. NORD IMAGINATION is the first in a series of 6 MR newbuildings which will all be given I-names honouring their origin at Imabari Shipbuilding. The sister vessels will all be delivered in 2010 and enter Norient Product Pool upon delivery. NORDEN charters each vessel for 7 years with purchase options attached. <table width="50%" border="0" cellpadding="0" cellspacing="0"> <tr> <td><img src="/public/billeder/illustrationer/sistervessels.JPG" alt=""></td> </tr> <tr> <td> NORD IMAGINATION (left) at quay with one of her sister vessels currently under construction <a href="/public/billeder/illustrationer/Sistervesselshigh.JPG">Download photo</a> </td> </tr> </table> A large group of notabilities witnessed the cut of the champagne cord and toured the vessel before participating in a reception party at a nearby hotel. At this party, Executive Vice President Takumi Higaki from Imabari Shipbuilding Co. thanked NORDEN for the co-operation: “We have been keeping a good relationship through many projects since our first deal in 2000. I really thank you for your constant patronage and look forward to materialising further deals with NORDEN in the future.” <table width="50%" border="0" cellpadding="0" cellspacing="0" align="left"> <tr> <td><img src="/public/billeder/illustrationer/Imagination2low.JPG" alt=""></td> </tr> <tr> <td> Chairman Toshiyuki Higaki from Imabari Shipbuilding and Ms Junko Mikano, head of NORDEN Tankers in Singapore. <a href="/public/billeder/illustrationer/Imagination2high.JPG">Download photo</a> </td> </tr> </table> <h2><a id="id3250695" name="id3250695"></a> 6th NORDEN Invitational</h2> The naming ceremony followed immediately after the 6th NORDEN Invitational - the annual event for NORDEN’s business partners in Japan, which gathered more than 100 representatives from head owners, trading houses, brokers, yards, cargo owners and financial institutions. <table width="50%" border="0" cellpadding="0" cellspacing="0" align="left"> <tr> <td><img src="/public/billeder/illustrationer/golfgrouplow.JPG" alt=""></td> </tr> <tr> <td> Line-up of all participants in the golf tournament. </td> </tr> </table> Following a full day of golfing led by professional golfer Anders Hansen, NORDEN Invitational was rounded off by a dinner party. In his keynote address at the party, CEO Carsten Mortensen confirmed NORDEN’s strong commitment to Japan: “Hard work, skills and foresight are required more than ever to get over the current unrest – but so is close co-operation with true partners. NORDEN’s involvement in Japan is deep: 61 long-term charter deals with Japanese owners and yards; own newbuilding contracts; formalised partnerships; co-operation with insurers, banks and brokers; not to mention that we have some of our best cargo and charter customers here,” Mr Mortensen said. “We recognise that business with you is a two-way street, and NORDEN will continue to expand its involvement here and discuss new business,” Mr Mortensen said and emphasised that he shares the strong corporate values that he meets in Japan: an outspoken decency in the business environment; a strong desire to avoid unnecessary risks; a careful selection of clients and partners although it may mean forgoing quick profits; and strong loyalty to partners. <table width="50%" border="0" cellpadding="0" cellspacing="0" align="left"> <tr> <td><img src="/public/billeder/illustrationer/receptionlow2.JPG" alt=""></td> </tr> <tr> <td> Reception </td> </tr> </table> <table width="50%" border="0" cellpadding="0" cellspacing="0" align="left"> <tr> <td><img src="/public/billeder/illustrationer/ricecakelow.JPG" alt=""></td> </tr> <tr> <td> Senior Vice President Peter Norborg, head of NORDEN’s Dry Cargo Department, in traditional rice cake making during the reception. </td> </tr> </table> Double naming of Handysize dry cargo vessels - Corporate News http://www.ds-norden.com/investor/financialnews/pressreleases/4672.html During June-July, the 2 first Handysize bulkcarriers will be delivered to NORDEN... Dampskibsselskabet NORDEN A/S 2009-05-19T10:10:00+02:00 <h1>Double naming of Handysize dry cargo vessels - Corporate News</h1> During June-July, the 2 first Handysize bulkcarriers will be delivered to NORDEN. The vessels are part of a series of 10 newbuildings which the Company has on order from Jiangmen Nanyang Ship-engineering Co., Ltd. (JNS) in China. NORDEN started operating in Handysize in 2006, but has so far only operated chartered tonnage. The newbuildings from JNS are therefore the Company's first owned Handysize vessels. <table width="50%" border="0" cellpadding="0" cellspacing="0"> <tr> <td><img src="/public/billeder/illustrationer/toskibe.JPG" alt=""></td> </tr> <tr> <td> The two yet unnamed Handysize dry cargo vessels NORD SHANGHAI and NORD MUMBAI are ready for the naming ceremony. <a href="/public/billeder/illustrationer/toskibebig.JPG">Photo</a> </td> </tr> </table> At a ceremony at the yard in Jiangmen, the 2 vessels were recently named NORD SHANGHAI and NORD MUMBAI. Sponsors at the naming were Dmitry Samoylov, Head of Chartering with Belarusian Potash Co., one of the world's largest exporters of fertiliser for the agricultural sector, and Vice President, Supply, Masood Talib Al Ali from Dubai Aluminium Co., a globally leading manufacturer of aluminium to the automobile and electronic industries. <table width="50%" border="0" cellpadding="0" cellspacing="0" align="left"> <tr> <td><img src="/public/billeder/illustrationer/champagnecord.JPG" alt=""></td> </tr> <tr> <td> The two sponsors Dmitry Samoylov (to the right) and Masood Talib Al Ali cut the champagne cord. <a href="/public/billeder/illustrationer/champcordbig.JPG">Photo</a> </td> </tr> </table> In addition to these two important customers, representatives from the yard and sub-suppliers also participated at the ceremony. While NORDEN was represented by General Manager Christian Ingerslev, Head of the activities in Handysize, and the employees from the local site office managed by Site Manager Mortan Gaasedal. <table width="50%" border="0" cellpadding="0" cellspacing="0"> <tr> <td> <img src="/public/billeder/illustrationer/groupphoto.JPG" alt=""> <a href="/public/billeder/illustrationer/groupphotobig.JPG">Photo</a> </td> </tr> </table> <h3><a id="id3694609" name="id3694609"></a>Greatest expansion in Handysize</h3> Handysize is the vessel type in dry cargo in which NORDEN is expanding the capacity the most. In addition to the 10 newbuildings from JNS, NORDEN has other newbuildings on order until 2011. To this can be added that the Company also has 7 vessels with purchase option on long-term charter until 2012. Handysize is the term for the smallest bulkcarriers of 10,000-40,000 dwt which transports alumina, fertiliser, cement, steel, pet coke, salt, etc. Handysize is the vessel type in which there are the oldest vessels, most scrapping and the lowest number of newbuildings on order. According to Clarkson Research, the world fleet counted more than 2,800 vessels at the end of March, and this number has been constant for years among other things due to record-high scrapping in recent months. The official order book only corresponds to 38% of the world fleet, whereas the average of the entire global dry cargo fleet is 70% and, in addition, the scrapping potential within Handysize is greater than in any other vessel type since almost 60% of the world fleet is more than 20 years of age. <h3><a id="id3662733" name="id3662733"></a>Pool from the autumn of 2009</h3> In terms of demand, Handysize benefits from the fact the many cargo consignees do not wish to tie up unnecessary funds in major stocks of valuable raw materials, and therefore they decide not to transport on large vessels preferring just-in-time deliveries on the smaller Handysize vessels. At the same time, restrictions imply that Handysize vessels are alone in being able to call at many ports. Like their future sister vessels from JNS, NORD SHANGHAI and NORD MUMBAI are of approximately 32,500 dwt, and this reflects that NORDEN is particularly focussed on vessels of 28,000-35,000 dwt. Along with the fleet of chartered vessels, the newbuildings will be transferred to the Handysize Pool which NORDEN has agreed to establish with Interorient Navigation Company during the autumn of 2009. The Pool is expected to start by operating 20-25 vessels, and the number will increase steadily in the years to come. <h3><a id="id3649470" name="id3649470"></a>Related articles from previous issues of NORDEN News Magazine</h3> <a href="http://viewer.zmags.com/showmag.php?mid=wshwtw#/page6/" target="_blank">Breakthrough in Handysize - First long-term contract in the Middel East and largest contracts to date in Handysize <img src="/public/billeder/arrow.gif" alt=""></a> <a href="http://viewer.zmags.com/showmag.php?mid=whgff#/page3/" target="_blank">NORDEN focusing on small vessels <img src="/public/billeder/arrow.gif" alt=""></a> NORDEN has agreed to manage 5 dry cargo vessels - Corporate News http://www.ds-norden.com/investor/financialnews/pressreleases/4493.html Corporate News - Newsletter 14 November 2008 Dampskibsselskabet NORDEN A/S 2008-11-14T10:15:00+01:00 <h1>NORDEN has agreed to manage 5 dry cargo vessels - Corporate News</h1> Corporate News - Newsletter 14 November 2008 Dampskibsselskabet NORDEN A/S has entered into an agreement to manage 5 Handymax and Panamax dry cargo vessels technically as well as commercially. The vessels have recently been sold through a private sale to an investor group. The vessels were previously owned by a number of subsidiaries which were fully owned by Britannia Bulk Plc. The contract with NORDEN is arranged by Nordea Bank Danmark, which has financed the deal. The 5 vessels are – with their new names: <ul> <li> <div>Ice Dreamer (built in 1998, 69,146 dwt)</div> </li> <li> <div>Moon Dancer (built in 1995, ice-class, 43,605 dwt) </div> </li> <li> <div>Izara Princess (built in 1995, ice-class 43,705 dwt) </div> </li> <li> <div>Freyja Divine (built in 1994, 70,029 dwt)</div> </li> <li> <div>Dawn Voyager (built in 1994, 70,003 dwt)</div> </li> </ul> In accordance with the agreement, NORDEN's Technical Department will handle crewing, purchasing, control/repairs, inspections, classification and authorisation matters, environment and safety, etc. The Technical Department already manages NORDEN's owned dry cargo vessels and product tankers. According to the agreement on commercial management, NORDEN's Dry Cargo Department will charter and operate the 5 vessels through its network of offices in Copenhagen, Singapore, Shanghai, Mumbai, Annapolis and Rio de Janeiro. "We see it as a vote of confidence that the owners of these vessels have chosen our technical and commercial expertise to operate the vessels during these difficult times in the dry cargo market," says Carsten Mortensen, President & CEO. Further information: <a href="/contact/copenhagen/corporatecommunications/?employee=HBO#HBO">Hans Bøving</a>, Head of Corporate Communications Telephone: +45 3315 0451 NORDEN in global climate change survey - Corporate News http://www.ds-norden.com/investor/financialnews/pressreleases/nordeninglobalclimatechangesurvey.html Corporate News - Newsletter 21 October 2008 Dampskibsselskabet NORDEN A/S 2008-10-21T12:50:00+02:00 <h1>NORDEN in global climate change survey - Corporate News</h1> Corporate News - Newsletter 21 October 2008 NORDEN has, for the first time, chosen to participate in the Carbon Disclosure Project (CDP), the most comprehensive global mapping of corporations’ efforts to reduce emissions of the greenhouse gas CO2. CDP is an independent organisation backed by more than 385 investors, with a combined asset base of USD 57 trillion. 110 companies in the Nordic Region (Denmark, Sweden, Norway, Finland and Iceland) responded to CDP’s 2008 survey – up from 84 last year – including 17 Danish companies. Only three shipping companies based in the Nordic countries are participating. ”We are participating because we would like to tell our stakeholders about our efforts in the environmental area, and it also helps us focus our efforts” says Senior Vice President Lars Lundegaard, Head of the Technical Department, at the presentation of the CDP Nordic Report at a conference in Copenhagen. At the conference, Lars Lundegaard summarised the motives behind NORDEN’s environmental efforts: “We basically think it is good business. It helps us differentiate our product offering to the market. It helps us sharpening our technical skills. We can attract better people. We save money on fuel, and we put our values into practice. So far, NORDEN’s efforts to reduce CO2 emissions have been based on a 14-point plan setting out specific actions to reduce own vessels’ fuel consumption and, consequently, their CO2 emissions. Actions have included optimising the performance of the engines, reducing propulsion resistance and even better planning of routes and sailing. Target has been a 2% reduction of CO2 emissions from owned vessels in 2008. This target was met early October, and soon, NORDEN will define new areas of action and set new targets: “We continue our efforts, and we remain ambitious,’” says Lars Lundegaard. NORDEN also strives to limit the negative environmental consequences in other areas: The average level of sulphur in fuel oil is capped at an average level of 2.7% on all ships under NORDENs control, including chartered tonnage, where IMO conventions allow up to 4.5%. Efforts also include environmentally friendly bottom paint only and exclusive use of double-hulled tankers. According to CDP, NORDEN is not among the 10 best Nordic companies in terms of reporting environmental efforts. In respect to this, Lars Lundegaard says: “The 2008 survey is the first in which we have participated. But it should be seen as a process where we improve both our efforts and reporting from year to year.” <hr> <h3><a id="id3388285" name="id3388285"></a>Further information/Download</h3> <a href="/public/dokumenter/CarbonDisclosureProjectNordicReport2008.pdf"><img src="/public/billeder/illustrationer/CDPimg.jpg" alt=""></a> <a href="/public/dokumenter/CarbonDisclosureProjectNordicReport2008.pdf">pdf Download Carbon Disclose Project - Nordic Report 2008</a> <hr> <img src="/public/billeder/illustrationer/PPimg.JPG" alt=""> <a href="/public/dokumenter/CDPNORDENLLU.pps">See NORDEN Powerpoint SlideShow</a> presented at the conference on 20 October 2008 in Copenhagen. <hr> <a href="http://www.ds-norden.com/profile/csr/systematicapproach/">CSR - A Systematic Approach <img src="/public/billeder/arrow.gif" alt=""> </a> New Head of Corporate Communications - Press Release http://www.ds-norden.com/investor/financialnews/pressreleases/newheadofcorporatecommunications.html Hans Bøving new Head of Corporate Communications Effective of tomorrow, 1 October 2008 ... Dampskibsselskabet NORDEN A/S 2008-09-30T12:35:00+02:00 <h1>New Head of Corporate Communications - Press Release</h1> Press release <h2><a id="id3178624" name="id3178624"></a>Hans Bøving new Head of Corporate Communications</h2> Effective of tomorrow, 1 October 2008, NORDEN will employ Hans Bøving in a new position as Head of Corporate Communications. Hans Bøving will be responsible for the co-ordination of the Company's internal and external communication efforts as well as for a number of branding tasks. In addition, he will contribute to NORDEN's financial communication in cooperation with the IR Department. Hans Bøving has been an external adviser to NORDEN's Boards of Management and Directors since 2002. <a href="/public/dokumenter/news_english/PressReleaseHeadofCorporateCommunications.pdf">pdf Press release in full</a> NORDEN among the world's best at creating financial results - Press Release http://www.ds-norden.com/investor/financialnews/pressreleases/4266.html Press release Anders Skov Pape 2008-06-18T09:25:00+02:00 <h1>NORDEN among the world's best at creating financial results - Press Release</h1> Press release <h2><a id="id3439632" name="id3439632"></a>For four years in succession, Dampskibsselskabet NORDEN A/S is among the world’s best at creating financial results</h2> This is the fourth successive year that NORDEN receives a top ranking spot in the respected magazine Marine Money International’s listing of all listed shipping companies’ and groups’ ability to create financial results. The analysis is presented this week at the magazine’s annual conference Marine Week in New York. In 2007, NORDEN ranks as the second best worldwide on the prestigious list against a second place in 2006, a fifth place in 2005 and a third place in 2004. Thus, NORDEN is the only shipping company which is in the top 5 four years running. "Across segments and countries, we are once again achieving a top position amongst strong competitors. This signifies that our business model and strategy with consistent focus on the long haul contribute to the continued creation of strong and robust financial performance from our side. Though NORDEN delivers and has delivered good results in absolute terms, it is just as important to me that we consistently perform well compared to our competitors. Our vision is to be the leading shipping company within our field, and recent years’ top rankings on Marine Money’s lists help stress that we are on the right course,” says Carsten Mortensen, President and CEO. <a href="/public/dokumenter/news_english/MarineMoneyTop.pdf">pdf Press release in full</a> <a href="/investor/presscentre/photogallery/">Photo gallery <img src="/public/billeder/arrow.gif" alt=""></a> NORDEN establishes two new pools in dry cargo - Press Release http://www.ds-norden.com/investor/financialnews/pressreleases/4074.html Dampskibsselskabet ”NORDEN” A/S (NORDEN) and Interorient Navigation Company Ltd... Dampskibsselskabet NORDEN A/S 2008-03-27T09:35:00+01:00 <h1>NORDEN establishes two new pools in dry cargo - Press Release</h1> Dampskibsselskabet ”NORDEN” A/S (NORDEN) and Interorient Navigation Company Ltd. (INTERORIENT) are establishing two new pools to commercially manage the two companies' fleets of Handysize and Post-Panamax bulkcarriers. It is expected that within a short number of years the two pools will become among the leading suppliers globally within the two segments. <a href="/public/dokumenter/news_english/12NORDENstablishestwonewpools.pdf">pdf Announcement No 12</a> <a href="/public/dokumenter/news_english/PressRelease27March2008.pdf">pdf Additional information in press release from the two partners</a>