Norden is continuing to monetise strong asset values, with broker sources now revealing details behind two vessel disposals announced last week.

The tanker sale is understood to involve the Nord Superior, a 49,600 dwt product tanker built by STX Offshore in 2015, which is reported to have changed hands for $33.8m. A Norwegian brokerage noted the price came in around $10m above its generic valuation guidance, while leading pricing portal data had assessed the vessel’s market value at $31.63m. The premium underscores the strength of the resale market, particularly as the same database shows the vessel was ordered in 2013 for $31.5m, effectively allowing Norden to exit the asset above replacement cost more than a decade later.

Attention has also turned to the dry bulk disposal. VesselsValue data lists four 209,300 dwt newcastlemaxes built at Shanghai Waigaoqiao Shipbuilding in 2021 under Norden’s ownership. Broker sources are tipping the scrubber-fitted Nord Palladium as the unit sold, at a price of around $76.2m. The transaction implies an appreciation of roughly $10m per vessel since the capes were added to the fleet in 2024, highlighting the payoff from timing exposure to the capesize market.

In its latest quarterly report, Norden reiterated its strategy of realising elevated asset values, disclosing 22 vessel sales in the first nine months of 2025, including 15 units via declared purchase options. Following the divestments, the group’s fleet stood at 11 owned vessels, complemented by 83 long-term charters with purchase options, reinforcing Norden’s asset-light, cycle-driven approach while retaining upside through optionality.