Historical Highlights
Timeline
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2007 |
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Dry cargo: Earlier the typical size within the Capesize segment was 150,000 dwt,now it is closer to 180-200,000 dwt. This paves the way for a new dry cargo segment, Post-Panamax, which fills the gap between Panamax and Capesize with vessel sizes in the range of 85-120,000 dwt. NORDEN enters this segment and envisions good commercial opportunities within this new segment and will have the first Post-Panamax vessel delivered in 2009. Tanker: NORDEN decided to enter into the LR1 segment of 60,000-75,000 deadweight tonnes product tankers in 2008. NORDEN was ranked number two in the Marine Money International survey of best financial performance in the shipping industry. NORDEN recieved the Danish newspaper Børsen's annual reports price for the best annual report in 2006 among Danish companies not listed in the OMXC20-index. Later on NORDEN entered into the OMXC20 index. At the end of the year, the company controls an active fleet of 216 vessels. In addition directly/indirectly 94 vessels on order. |
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2006 |
Signing of contract on new NORDEN headquarters in Copenhagen, which will be ready for occupation in June 2008. Kick-off of NORDENs new vision, mission and values. Dry cargo: New activities in the Handysize segment were established. A FFA department was created and a project department was set up to develop and handle purchase and sale activities as well as long-term charters. The number of newbuildings and long-term charters for future delivery was the greatest ever. Tanker: The active fleet in Norient Product Pool more than doubled from 15 to 35 vessels. NORDEN strengthened its position in ice-class MR/Handysize tonnage. Delivery of the first three – of six - 38,500 tdw product tankers, contracted at GSI in China. At the end of the year, the company controls an active fleet of 153 vessels. In addition directly/indirectly 67 vessels on order. |
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2005 |
Office in Mumbai, India opens. (NORDEN´s fifth office outside Denmark) Carsten Mortensen appointed new President & CEO, following the passing away of President & CEO Steen R. Krabbe. Dry cargo: Owned active fleet expanded from two to seven vessels during the year, despite the sale of eight dry bulk carriers. Tanker: Establishment of Norient Product Pool with pool-partner Interorient Navigation Company Ltd., Cyprus. Sale of four vessels. NORDEN was ranked as No 5 in the world in the Marine Money International survey of best financial performance in the shipping industry. At the end of the year, the company controls an active fleet of 124 vessels. In addition directly/indirectly 50 vessels on order. |
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2004 |
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The expansion of the organisation proceeded well with a considerable upgrading of a number of functions in Copenhagen and at the offices outside Denmark. Decision on establishing a new office in India was taken as well as a new tanker pool arrangement. NORDEN was ranked as No 3 in the world in the Marine Money International survey of best financial performance in the shipping industry. The company added 40 bulk carriers and 7 tankers to its fleet, which at the end of the year counted 134 bulk carrriers and 25 tankers, of which 123 had been delivered. The fleet is a combination of ownen vessels, vessels on long-term charter (with purchase options) and vessels on long or short-term charter. |
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2003 |
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Office in Rio de Janeiro, Brazil opens. Dry cargo: Order book at Mitsui Shipbuilding Co. expanded with further three Handymax bulk carriers. Tanker: Six 38,500 tdw product tankers contracted at Guangzhou Shipbuilding International in China for delivery during 2005 to 2007. Two are partly owned. The company controls a fleet of about 100 vessels corresponding to 5.2 mill tdw. In addition directly/indirectly 27 vessels on order corresponding to 1.7 mill. tdw. |
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2002 |
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Office in Shanghai, China opens. Two Handymax bulkcarriers contracted at Mitsui Shipbuilding Co. respectively Oshima Shipbuilding Co. Further 3 Handymax bulkcarriers and 1 Capesize unit have been chartered on long term with purchase options. Total fleet operated exceeds 3.5 mill. dwt. NORDEN merges with Nordfarer A/S. |
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2001 |
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High level of purchase and sale activities with the sale of 7 units including the two Capesize units "Nord-Energy" and "Nord-Power". Four new units were contracted, i.e. two product tankers (37,000 dwt) at STX Shipbuilding Co. and two Handymax bulkcarriers (56,000 dwt) at Mitsui Shipbuilding Co. Four product tankers and one Capesize unit are chartered with purchase options.
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2000 |
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Office in Annapolis, USA opens. |
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1999 |
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The Company contracts two options to buy two 35,000 dwt twin-hull product tankers at a Korean shipyard to be delivered in 2000 and 2001, respectively, and sells m.t. "Nordholt" and m.t. "Nordfarer". The options were announcedlater on. |
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1998 |
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Dampskibsselskabet "NORDEN" A/S expands its Aframax activities by contracting/taking delivery of m.t. "Nordasia". |
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1996 |
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Office in Singapore opens. |
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1995 |
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The Company's tanker department takes over the charter of all EAC tankers. |
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1994 |
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Merger between Dampskibsselskabet Orient and Dampskibsselskabet "NORDEN" A/S. Orient continues as the "operating" company, but the name is changed to Dampskibsselskabet "NORDEN" A/S. |
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1992 |
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The first Aframax crude oil tanker, m.t. "Skaunord", is delivered to the Company. |
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1991 |
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Denmark's two largest dry cargo vessels, m.v. "Nord-Energy" and m.v. "Nord-Power" of approx. 150,000 dwt each, are delivered to the Company. |
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1990 |
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The Company's tanker department is established. |
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1986 |
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M.t. "Nordtramp", a 84,000 dwt product tanker, is delivered by B&W to a Difko K/S company with "NORDEN" as bareboat charterer. |
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1979 |
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The last liner-type vessel, m.s. "Nordfarer", is sold. |
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1973 |
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M.s. "Nordtramp", bulk carrier of 34,000 dwt with six cranes, is delivered from Mitsui Shipbuilding, Japan. Five more bulkcarriers are delivered from Mitsui in 1974-1985. |
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1971 |
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M.s. "Nordpol" is lost during the armed conflict between India and Pakistan about East Pakistan (now Bangladesh). |
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1946 |
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The Company's last steamship, "Nordlys", is sold. From 1946, according to an amicable agreement between Dampskibsselskabet Orient and "NORDEN", Orient begins to acquire shares in "NORDEN". Around 1955 Orient owns the majority of shares in "NORDEN", while the majority of shares in Orient is owned by Motortramp. |
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1945-61 |
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Nakskov Shipyard delivers eight liner-type motor vessels of 8,300/10,200 dwt to Dampskibsselskabet "NORDEN" A/S. |
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1939/45 |
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Of the fleet comprising eight motor vessels and one steamship four are lost during the war, of which three in Allied services. Three motor vessels are docked in Nakskov during the occupation. |
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1923-38 |
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B&W and Nakskov Shipyard deliver eight liner-type motor vessels of approx. 8,300 dwt to "NORDEN". |
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1923 |
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The Company's first motor vessel, "Nordbo" (8,250 dwt, price: DKK 2.8 million), is delivered from Burmeister & Wain (B&W). |
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1921 |
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"NORDEN" acquires Dampskibsselskabet Hafnia with a fleet of five steamships. |
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1917 |
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"NORDEN" acquires Dampskibsselskabet Danmark with a fleet of four steamships. |
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1892 |
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Mads C. Holm dies at the age of almost 65 years. Dampskibsselskabet "NORDEN" A/S' head office relocates from Havnegade to Amaliegade. |
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1884 |
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Dampskibsrederi-Foreningen (later Danmarks Rederiforening ~ Danish Shipowners' Association) is founded with Mads C. Holm as co-founder. |
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1881 |
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Helsingør Shipyard is founded by Mads C. Holm. |
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1872 |
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The Company's first steamship, m.s. "NORDEN" (1,400 dwt), is delivered from a shipyard in Glasgow. |
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1871 |
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Dampskibsselskabet "NORDEN" A/S is founded by Mads C. Holm on 11 February. He is Managing Director of the Company until his death in 1892. |
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