NORDEN News Magazine

 Carsten Mortensen, CEO "2014 - an exciting  year"

• Tanker  business prepared for better times - pp 4-8
• Most frequent dry cargo shipping company through the Panama Canal - p 9
• More focus on day-to-day market in Dry Cargo - pp 10-11
• Part of setting global standards for responsible suppliers - pp 12-13
• A taste of shipping - p 12
• Owned vessels increased in value - p 13
• Climate action plan significantly reduces fuel consumption - pp 14-15
• Strong balance sheet and cash balance - p 16  
• Interesting niche market in growth - pp 16-17
• Japanese guests at Bond party – p 17
• 2013 was a year of investment p 18
• 40 years with the NORDEN star on his chest - back page

 Carsten Mortensen, CEO "NORDEN on the right course"

• Growing markedly in the USA - pp 4-6
• 6 questions for new head of Dry Cargo in USA – p 6
• Shale oil causes bustle at Norient Product Pool – p 7
• Rate increases to the benefit of dry cargo vessels - p 8
• NORDEN 10 years in Shanghai – p 10
• New type of engine reduces fuel consumption - pp 10-11
• NORDEN 10 years in Rio – p 11
• Strategic goals reached - by and large - pp 12-13
• The trainee hunt 2014 is on – p 14
• Charterer and operator for a day - p 14-15
• NORDEN vessel awarded for rescue operation – p 14-15
• NORDEN appreciated for openness about climate – p 15
• Golf in pouring Japanese rain - back page

 Carsten Mortensen, CEO "Action"

• Part of Indonesia's coal adventure - pp 4-7
• Brutal first quarter followed by small improvement - p 9
• Well positioned for expected rate improvement in ore market - p 10-11
• DHL relay - p 10
• Team Annapolis - football - p 11
• Princess docked - pp 12-13
• Strengthens Dry Cargo team - p 13
• 7 new shipping trainees - pp 14-15
• CSR strategy as cartoon - p 15
• Finances new vessels on attractive terms - pp 14-15
• Boat trip, golf and change of guard USA - back page

 Carsten Mortensen, CEO "A year of investment"

• Orders for 13 new fuel efficient dry cargo vessels - pp 4-6
• Greater demand for larger vessels - p 6
• New customers all the time – p 7
• Core fleet - NORDEN in brief - pp 8-9
• Puts demand on suppliers – p 10
• Additional 10 million tons of coal from Svalbard - pp 10 to 11  
• New Vice Chairman in NORDEN - p 11
• NORD EL drow 23,000 km – p 11
• Significant increase in demand for product tanker tonnage – p 12
• Port captains make things run smoothly - p 13
• Additional, 4 ECO tankers, Pre-summer party, Wood chips from Ghana to Denmark, CSR ambassadors, NORDEN calendar - pp 14 to 15
• 8 shipping trainees graduated - back page

 Carsten Mortensen, CEO "Fuel efficiency provides advantages"

• Multi-year contract on biomass - p 3
• 4 new fuel effecient tankers - pp 4 to 6
• Sea trial - the crucial test – p 5
• NPP wants to be the preferred partner  - p 6
• Fuel consumption to be further reduced – p 7
• Core fleet - NORDEN in brief - pp 8 to 9  
• Investments in Dry Cargo vessels - pp 10 to 11
• New customers in Dry Cargo – p 11
• NORDEN targets its CSR ambitions – p 12
• Captain stopped the engine - p 13
• NORDEN Notes - Shipping dreams - Head of Shanghai - Cultural exchange - Top 10 ports - pp 14 to 15
• Mogens Hugo, Chairman 70 years - back page

  Carsten Mortensen, CEO "A year of challenges – and opportunities"

• New shipping system - p 3
• New head of Dry Cargo: NORDEN is in a strong position - pp 4-7
• Shipping Trainee campaign - pp 8-9
• NORDEN Notes - Tanker made second rescue operation, Annual Report Prize, Top-10, Ice-reinforced vessel - pp 10-11
• Destination: Svalbard - pp 12-14
• NORDEN’s active core fleet – p 15
• Jubitational-golf in Japan – backpage

  Carsten Mortensen, CEO "The Blue Denmark must be strengthened"

• Strategy is on track despite challenging times - p 3
• Lower speed with 3 winners - p 4
• Dry Cargo increases the owned Handysize fleet by 2 vessels - p 5
• 2 new product tankers reduce fuel consumption by 25% - pp 6-8
• NORDEN throws its CSR doors wide open – p 9
• Despite times of crisis NORDEN continues shipping trainee programme - pp 10-11
• NORDEN Notes - Relay race, port calls, Site Offices – pp 12-13
• Perhaps heading for a better balance between supply and demand - pp 14-15
• The party is on - Customer event in Annapolis - backpage

  Carsten Mortensen, CEO "A challenging 2012"

• Prepares for cleaning ballas water - p 3
• NPP is now the world's second largest - pp 4-7
• New head of NORDEN's Dry Cargo Department – p 8
• NORDEN Singapore gets its first Finance Director – p 9
• Large fluctuations in vessels prices - pp 10-11
• NORDEN joins hands with Chinese university – pp 12-14  
• Elite rower gets to the top - p 15
• Around the Sound on electricity - backpage

Carsten Mortensen, CEO "A Danish position of strength"

• Biomass second to coal in NORDEN's cargo  book - p 3
• Strengthened focus on the world's second-largest economy - pp 4-5
• CSR strategy based on thorough groundwork – p 6
• Continued focus on long-term growth - p 7
• NORDEN vessels to right steam at all times – p 8
• Break of expenses trend for NORDEN's owned vessels – p 9  
• New business area in NPP: Ethanol - p 10
• Lots of money to be saved by negotiating better – p 11
• NORDEN notes: Rescues 6 rowers - Never too old to learn - Yet another prize - Standard-bearer for new education – p 12-13
• Annual general meeting - pp 14-15
• 20 years in India – back page

  Carsten Mortensen, CEO "Well prepared for 2012"

• New team to obtain new contracts - p 3
• Dry cargo team in USA storms ahead - pp 4-5
• Sustainability strategy – p 6
• Norient Product Pool conquers South America - p 7
• Significant drop in fuel consumption with new ship design  – p 8
• Increased anti-piracy measures – p 9  
• NORDEN wants its share of new oil transports – p 10
• Knowledge sharing to make NORDEN more efficient  – p 11
• Notes - Award, Mobile www, Environment league, Etiquette – pp 12-13
• NORDEN protects its cash balance - p 14
• Around the world twice – every day  – p 15
• Hole in one – back page

  Carsten Mortensen, CEO "Another active quarter"

• Good old craftsmanship in focus – p 3
• Liner shipping from Svalbard – pp 4-5
• Trainee programme upgraded - p 6
• Whistleblower scheme – p 7
• Reasons to make savings at sea - pp 8-9
• How to build customer relations – p 10
• NORDEN Notes - pp12-13
• Fewer dry cargo vessels at sea than expected - p 14
• Biomass from Georgia turns into pure energy in Europe – p 15
• Set sails - back page

  Carsten Mortensen, CEO "Doing the right thing"

• 100 cargoes for the US East Coast - p 3
• “There is more hope now” - Japan after the natural disaster – p 4
• Japan and NORDEN – p 5
• Development in Tankers continues - p 6
• 43% more crew members this year - p 8
• Saving energy and keep your place in the line - p 8
• European ports want to boost environmental efforts - p 9
• Football, the Olympics and growth – p 10
• Norient opens office in Rio – p 11 
• Management reshuffle in Rio – p 11
• NORDEN Notes - pp 12-13 
• Change of guard at Norient’s office in Annapolis – p 14
• Employee News - p 15
• 140 years celebration in Asia - back page 

   Carsten Mortensen, CEO "Long-term growth in an uncertain world"

• 5-year COA for the transport of coal from Svalbard – p 3
• NORDEN's new CSR report is out - p 3
• Tankers to launch more vessels - p 4
• NORDEN to transport 64 million tonnes of dry cargo in 2013 - p 5
• Early spring in the USA – p 6
• Tanker frozen in ice in the Baltic – p 6
• Australia is recovering – p 7
• Visit by the Danish Parliament's Trade and Industry Committee – p 7
• More pirate attacks than ever - p 8
• The future lies with fuel reduction – p 11
• Trainees with a strong ey for detail and a systematic approach – p 12
• NORDEN 140 years - p 14
• Here, there and everywhere - portrait of Klaus Vilstrup - back page

  Carsten Mortensen, CEO "A profitable decade"

• 24 cargoes of wood chips to Vattenfall - page 3
• A Charterer must be sure of his support base - page 4 
• NORDEN tailors 2 dry cargo vessels for Rio Tinto - page 5   
• NORDEN on purchasing spree - page 6
• Re-charters 7 vessels at lower rates - page 7
• Dry Cargo team has been selected - pages 8-9
• CSR activities embedded in new team - page 10 
• The hunt for good fuel economy continues - page 11
• NORDEN notes - pages 12-13
• Values at work - page 15
• Fleet of owned vessels is growing - page 16

  Carsten Mortensen, CEO "Business and climate effort go hand in hand"

• Ice venture with Glencore - page 3
• Turbocharger is expected to reduce fuel consumption - page 3 
• Tanker Department is preparing for growth - page 4   
• Poor grain harvest may change shipping patterns - page 6
• Substantial gains from new communication system - MOEPS - page 7
• First generation on the new Shipping Trainee Programme - page 8
• New IT strategy is ready to roll - page 10 
• NORDEN Notes - Digital globe, support for scouts, high scores on climate change mangement - pages 12 -13
• Values at work - page 15
• Alterations in the design of 2 Handysize vessels - page 16

  Carsten Mortensen, CEO "Better late than never"

• NORDENs first CSR Report - page 3
• Second upward adjustment of the year - page 3 
• The liason guy in West Africa - Samuel Quansah, Port Captain - page 4   
• Panamax is back on the growth track - page 6
• New vessel type off to a good start - page 7
• Shareholders with an opinion - page 8
• Time to party - NORDENs housewarming - page 10 
• NORDEN Notes - Sakura Festival, garfish, values at work - page 12 
• Vessel dressed up in winter clothes - page 16

  Carsten Mortensen, CEO "2009 rounded off nicely and 2010 off to a good start"

• Earnings growth in 2010 - page 3
• Oceans of new vessels - page 4
• Coal for power production in the Philippines - page 5
• NORDEN opens new site office in China - page 5
• Cold winter - a great start for tankers - page 6
• New crew up and running in 3 months - page 7
• More time for the fun stuff - portrait of Dry Cargo Operations - pages 8 and 9
• NORDEN Notes - scholarship, golf, ping pong - pages 10 and 11 
• NORDEN's Norwegian entrepreneur - page 12
• Paper invoices soon to go down in history - page 13
• NORD NIGHTINGALE on rescue operation - page 16

  Carsten Mortensen, CEO "The long haul"

• Record contract on cross-Atlantic transport - page 3 (and CEO's column)
• Crowded ports in Indonesia - page 4
• Coal contract strengthens position in Southeast Asia - page 5
• Challenges today - opportunities tomorrow - pages 6
• Signing of UN Global Compact - page 7
• Striking the bell in farewel - portrait of Preben Høeg 34 years at NORDEN - pages 8 and 9
• NORDEN notes - pages 10 and 11
• On the outlook for stars - scholarships and sponsorships - page 12
• An instant attraction - portrait of Elaine Yu newly graduated trainee - page 13
• New challenges for oil traders - page 16

  Carsten Mortensen, CEO "We still want growth"

• Strengthened efforts within vetting - page 3
• Multi-annual contract despite crisis - page 4
• Maiden voyage with special equipment - page 5
• The goal is continued growth - NORDEN adjusts the fleet - pages 6 to 7
• Outsourcing: No more dusty folders - page 8
• Full speed ahead: Third best maritime student in the Philippines - page 9
• Sailing in September: NORDEN Annapolis event - page 10
• Job satisfaction among mariners - page 10
• NORDEN notes - pages 12 to 13
• Moving day in Mumbai - new General Manager in Mumbai  - page 16

Carsten Mortensen, CEO "The will to drive NORDEN ahead"

• Focus on efficient fleet management - pages 3 to 4
• Largest new contract of affreightment in 2009 - page 5
• Boom in the export of sugar from Brazil to India - page 5
• 5 new owned vessels - pages 6 to 7
• From robots to rudder - page 9
• Anne Mette's window to the world - being stationed abroad - pages 10 to 11
• Inside the walls - Open House for shareholders - page 12
• The beautiful chilly thrill - photos from Gulf of Finland - page 16

Carsten Mortensen, CEO "Quicker balance in the market"

• Gain sharing with three winners - Shorter lay time  - pages 3 to 5
• Breakthrough in Handysize - page 6
• Long-term contracts provide security
• The crisis provides opportunities - proposal of new member of the Board of Directors
• Swift sale of major shareholding
• Less sulphur in bunkers
• New site offices in Asia
• Go fish - fishing trip with NORDEN's Hunting Club
• A sign from above - NORDEN's first American trainee

Carsten Mortensen, CEO "Happy - though challenging - New Year"

• NORDEN continues environmental and climatic efforts
• An eye for opportunities - portrait of CFO Michael Tønnes Jørgensen
• Cooperation on the crest of a wave - workshop NORDEN-Geden Lines
• NORDEN widens approach in China
• They set things straight - NORDEN's Legal Department
• Utmost attention at the Gulf
• Best 9-months profit
• Quick fleet adaption
• More ships under management - commercial management agreement betweeen NORDEN and UACC
• DS Orients Fond buys NORDEN's former headquarters at Amaliegade
• Christmas at the Brewhouse
• 137 years of vessels in words and pictures - new book about NORDEN's vessels
• A strike for long-term cooperation - NORDEN Invitational - Golf tournament

Carsten Mortensen, CEO "In rough seas"

• New management of NORDEN's Dry Cargo Department
• Minister visit - Bendt Bendtsen visited NORDEN's office in Shanghai
• Breakthrough in Taiwan - contract of affreightment
• Norient Product Pool closer to its customers - Annapolis office opens
• Economic super power in the making - theme on the dry cargo market in India
• Teambuilding in high gear
• Court is in session - Shanghai Maritime University's new campus
• Seven new talents - NORDEN's scholarships, the Shanghai Maritime Awards
• They provide NORDEN's tonnage - Dry Cargo Projects Department
• Twin naming - product tankers NORD SNOW QUEEN and NORD BUTTERFLY

Carsten Mortensen, CEO "New setting - same company"

• Settling in at "Bryghuset" - new headquarters
• In worldwide top five - NORDEN rates among the best in terms of financial performance
• Fertiliser prepares the ground for further Handysize growth
• The strong performance continues
• NORDEN's environmental program: CASPER and FLAME
• Man below deck - Chief Engineer
• What drives the shipping business is .... people
• "Hello and goodbye" in Annapolis - new General Manager 
• Pre-olympic training - NORDEN employees on the run

Carsten Mortensen, CEO "A good head start for the future"

• Record year - the profit for 2007 was the best so far in NORDEN's 137 years old history
• Pool collaboration to ensure NORDEN a leading position in strategic bulk segments
• NORDEN spotlights the environment and social responsibility
• New technology to bridge blue and green
• Cold reception - ice-class 1A product tanker - ice and snow at St. Lawurence River in Canada
• NORDEN strengthens organisation
• Award for excellent investor information
• Large relocation puzzle - update on the renovation of NORDEN's new headquarters
• Two years "down under" - D/S Orients Fund - scolarship to student at Eltham College in Australia

Carsten Mortensen, CEO "New challenges ahead"

• Handysize on the rise
• NORDEN and the environment
• Full ahead in the manning area
• NORDEN strengthens recruitment and talent development in the Philippines
• On the hunt for shipping trainees class 2008
• A fine 2007-result within sight
• Expert in maritime financing and strategy - portrait of NORDEN's new CFO
• NORDEN is ready for OMXC20
• Intelligent business through extensive business intelligence
• Ping pong with customers and business partners - table tennis and Shanghai Maritime Awards ceremony
• Golf sponsorship to strike one for NORDEN - sponsorship arrangement with Danish golf player Anders Hansen
• NORDEN's new headquarters take shape
• Putting safety first - NORDEN support to copy of old viking ship "Havhingsten"

Carsten Mortensen, CEO "Taking NORDEN to the next level"

• NORDEN sets the course for the future - strategy process 
• Strengthened dialogue with NORDEN's investors
• NORDEN received first price in best annual report
• Queuing at the quay
• NORDEN Weekend 2007 - brainstorming and golden statuettes
• 42.195 km - no obstacle. Berlin Marathon
• New career opportunities at NORDEN - new job adverts (see also NORDEN's job portal)
• The best of two worlds - NORDEN's future headquarters (further information)
• An unconventional day at the office

Carsten Mortensen, CEO "On the right course"

• New dry cargo segment in the melting pot 
• The new face of NORDEN - new website
• Second best in the world
• China is the engine of international maritime traffic
• Major differences between shipping in China and Copenhagen - trainee from Shanghai
• Celebratory naming ceremony in Japan
• Special focus on safety, environment and welfare on board
• Shift in focus in the Aframax segment
• A glance into the future - visit to the new headquarters

Carsten Mortensen, CEO "Towards New Goals"

• 10 years of strong growth in Singapore 
• NORDEN wants to be the preferred partner
• Yet another stong annual profit
• A career at sea - a job with no borders
• No more finance - Mr Jens Fehrn-Christensen, CFO - early retirement
• On a quest for customers in the largest market in the world
• From polar bears to allilgators
• Strong interest in NORDEN's trainee programme
• New website to give NORDEN's communication a lift

Carsten Mortensen, CEO "Making NORDEN Number One"

• New Headquarters to make Room for Growth
• Campaign for Danish Shipping in Japan
• Kick-off - Vision-Mission-Values
• A Worldwide Career with NORDEN - Trainee in NORDEN
• Nine years at Asian Shipyards
• Ice Class
• Shanghai Maritime Awards Ceremony
• Water games - Ship Simulator at the Experimentarium in Copenhagen

Carsten Mortensen, CEO "New Vessels Launched"

• NORDEN focusing on small vessels
• Fire on the quay
• Getting ready for winter
• Reshuffle helps to boost qualifications
• Controlling the voyage
• Extended co-operation with Chinese talent
• Novel ways in recruitment
• Norient Product Pool challenged its customers
• Mastering the news steps

Carsten Mortensen, CEO "Close to the Customers"

• A continent of possibilities
• Durban and back
• Salt is not just salt
• NORDEN the 5th best shipping company
• Naming ceremony in Japanese
• Closer cooperation between NORDEN's Port Captains
• From punched cards to high tech shipping company

Carsten Mortensen, CEO "We Must Continue to Develop"

• Through thick ice
• Best result in 135 years
• The course set for future growth
• Ready for departure
• Norient Product Pool bet on ice tankers
• Round th world in four minutes
• Samba, chopsticks and spareribs
• A busy year on the bridge - Carsten Mortensen's 40th birthday
• NORDEN behind a strengthened shipping education

Carsten Mortensen, CEO "Fair WInd"

• I name you ... - Her Highness Princess Alexandra cuts the ribbon - Naming of NORD PRINCESS
• A tiger leap in China
• A celebration of partnerships
• A vessel is built
• Safety, Environment and Quality on board
• Always three moves ahead
• Christmas and New Year in NORDEN
• Coal in vast quantities

Carsten Mortensen, CEO "Welcome to NORDEN's New World"

• Heading for a new record-breaking year
• In the wake of the hurricane
• Why do the freight rates fluctuate
• Huge recruitment creates attention
• Norient is ready for growth
• Captain on shore
• It is a tough life in India
• NORDEN sponsors research in Singapore
• NORDEN goes into films