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CEO's Column - NORDEN News Magazine Winter 2005

Fair Wind

NORDEN has had another prosperous year in 2005. We have experienced a signifi cant increase within the dry cargo and tanker segments, and Norient has had a fine start. This is the year in which NORDEN has expanded the fl eet to the extent where we now operate 124 vessels with another 49 on the way. This is the year in which we have become around 400 employees on land and at sea, in which the overseas offi ces have proven their worth, and in which we have strengthened the organisation of the Technical Department, enabling it to handle recruitment, shipbuilding, and ship management at a rapidly increasing scale. And this is the year in which the Chinese market has become increasingly significant. In this issue of NORDEN News, we will therefore be focusing on the Chinese market, the management of our many newbuildings coming from China, and the major naming ceremony of the vessel NORD PRINCESS in Guangzhou by Her Highness Princess Alexandra. We also take a look at the way NORDEN’s employees handle quality, safety, and environment on board our vessels and how NORDEN’s employees spend Christmas and New Year around the world.

Enjoy reading this issue. Merry Christmas and a Happy New Year!

CARSTEN MORTENSEN