Norden adds to fleet pair of newbuilding capesize leases

Denmark’s Norden, a shipping company known for its ocean-based freight services for bulk and project cargo of all sizes, is making a significant move to strengthen its presence in the capesize sector. The company revealed yesterday the addition to its fleet portfolio of two capesize newbuilding leases with purchase options.

The vessels will be built in Japan, with deliveries set for 2026 and 2027.

“This will enhance our ability to serve customers reliably and ensure we remain at the forefront of sustainable and cost-effective shipping against a backdrop of an ageing fleet and historic low orderbook,” the company said in its release.

This addition brings the company’s core fleet of owned and leased capesize vessels to 13 ships, including seven newbuildings, with an