Denmark’s Norden, a shipping company known for its ocean-based freight services for bulk and project cargo of all sizes, has disposed two vessels from its owned fleet and added new leases with purchase options.

Hellerup-based Norden confirmed the sale of one MR tanker and one capesize vessel, citing strong asset conditions across the dry cargo and tanker markets.

At the same time, Norden is continuing its strategy to grow its presence in the project cargo market.

The company has added two multi-purpose (MPP) newbuilding leases with purchase options, with delivery scheduled in 2028.

Norden said the MPP segment benefits from favourable supply fundamentals with a rapidly ageing fleet and low orderbook, coupled with a strong demand outlook.

The newbuildings are expected to bolster the company’s services for transporting specialised cargoes such as breakbulk and project cargo, while retaining the flexibility to carry traditional dry bulk commodities.