NORDEN in brief
Dampskibsselskabet NORDEN A/S is an independent shipping company incorporated in Denmark and listed on NASDAQ OMX Copenhagen A/S as a part of the OMX Nordic Mid Cap index. See current market capitalisation here. NORDEN was founded in 1871, making it one of Denmark’s oldest internationally operating shipping companies. NORDEN operates in dry cargo and product tankers worldwide.
The management focus is long term and is based on NORDEN's vision, mission and values. The goal is for NORDEN to continuously develop for the benefit of its stakeholders and to achieve high, stable earnings.
In dry cargo, NORDEN is active in all major vessel types. NORDEN is one of the world’s largest operators of Handymax and Panamax dry cargo vessels and has considerable activities in the Handysize and Post-Panamax vessel types as well as activities in Capesize. The Company's Handysize and Post-Panamax activities are operated commercially by NORDEN Handysize Pool and NORDEN Post-Panamax Pool, respectively, which also operate vessels from Interorient Navigation Company Ltd. (INC), Cyprus. In total 160 dry cargo vessels (excluding INC vessels and single trip chartered vessels). More
In tankers, NORDEN is active in the Handysize and MR product tanker vessel types, in total 40 tanker vessels. More.
The product tanker activities are operated through the Norient Product Pool, which is managed by the 50% owned Norient Product Pool ApS. Norient Product Pool is the second largest product tanker pool in the world.
NORDEN’s fleet is among the most modern and competitive in the industry and NORDEN operates a mix of owned and chartered tonnage in total 200 dry cargo- (excluding single trip chartered vessels) and tanker vessels. In addition NORDEN has a newbuilding programme with 19 vessels on order (dry cargo 15, tanker 4). Dry cargo fleet. Tanker fleet.
NORDEN has its head office in Hellerup, north of Copenhagen (Denmark) (210 employees incl. site-offices) and offices in Singapore (34), Shanghai (China) (15), Annapolis (USA) (15), Rio de Janeiro (Brazil) (4) and Mumbai (India) (4). At its offices NORDEN has in total 282 employees and about 880 are employed on the Company’s owned vessels. Contact details
NORDEN was a founding member of the Danish Shipowners' Association in 1884 and has since been a member. Furthermore NORDEN is a member of the international organisations; Intertanko (The International Association of Independent Tanker Owners), BIMCO (The Baltic and International Maritime Council) and ICC Denmark (International Chamber of Commerce).