NORDEN in brief
Dampskibsselskabet NORDEN A/S is an independent shipping company incorporated in Denmark and listed on Nasdaq Copenhagen 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 Corporate Soul Purpose and values. The goal is to enable smarter global trade and continuously develop for the benefit of its stakeholders. Based on a global network of offices and good access to customers, NORDEN generates earnings by combining cargoes with vessels and earning more money on transporting the cargo than what it costs NORDEN to provide the capacity.
In dry cargo, NORDEN is one of the world’s largest operators of Supramax and Panamax dry cargo vessels and has activities in the Handysize and Post-Panamax vessel types as well. 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., Cyprus. In total 238 dry cargo vessels (including Interorient Navigation Company Ltd. vessels and single trip chartered vessels). More
In tankers, NORDEN is active in the Handysize, MR and LR1 product tanker vessel types, in total 48 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 one of the world's largest operators of product tankers.
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 238 dry cargo- (including single trip chartered vessels and Interorient Navigation Company Ltd. vessels) and 48 tanker vessels. In addition NORDEN has a newbuilding programme with in total 14 vessels on order (dry cargo (owned): 7 and tanker (owned and chartered): 7). Dry cargo fleet. Tanker fleet.
NORDEN has its head office in Hellerup, north of Copenhagen (Denmark) (219 employees incl. site-offices) and offices in Singapore (32), Shanghai (China) (16), Annapolis (USA) (21), Rio de Janeiro (Brazil) (6), Mumbai (India) (6), Santiago (Chile) (2) and Melbourne (Australia) (3). At its offices NORDEN has in total 305 employees and about 642 are employed on the Company’s owned vessels. Contact details
NORDEN was a founding member of Danish Shipping 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). NORDEN is a signatory to the UN Global Compact, a member of the Maritime Anti-Corruption Network (MACN), member of the Trident Alliance and the industry-initiative for responsible supply chain, IMPA ACT.