The Board of Directors appoints the Executive Management and sets out its responsibilities and conditions. The Executive Management is responsible for the daily management, organisation and development of NORDEN, for managing assets, liabilities and equity, accounting and reporting, and it also prepares and implements the strategies. The Executive Management reports to the Board of Directors, who is responsible for the overall management of NORDEN.
NORDEN’s corporate functions, situated at the head office in Hellerup, are responsible for finance, accounting, IT, corporate control, legal, human resources, internal service, investor and press relations, communications and CSR.
NORDEN’s operational activities are managed through three business departments, situated at the head office in Hellerup: Dry Cargo Department (business unit for dry cargo services), Tanker Department (business unit for tanker services) and Technical Department (responsible for technical management of the fleet, crewing, safety & environment, inspections & purchase and newbuildings).
The dry cargo and tanker activities are supported by chartering and operation offices in Singapore, Shanghai (China), Mumbai (India), Annapolis (USA) and Rio de Janeiro (Brazil). NORDEN’s product carrier services are managed by Norient Product Pool.