Denmark’s Norden has continued its active run in the bulkers sale-and-purchase market, confirming the disposal of a supramax and the acquisition of a Japanese-built panamax.

The Copenhagen-listed company is following through on its strategy of converting leased tonnage into owned assets and then reselling them for profit.

The Jan Rindbo-led owner and operator said it had declared a purchase option on the leased supramax and subsequently sold the ship. No further details about the vessel or the buyer were disclosed.

At the same time, Norden has acquired an 85,000 dwt wide-beam panamax, built in 2017. The vessel, which joins the fleet in September 2025, offers high grain-loading capacity and a shallow draft-features suited for trading on routes with depth-restricted ports.

“This addition aligns closely with our current cargo needs and reflects our strategy of optimising the fleet to meet specific market demands,” the company said.

The move follows a strong run of transactional activity. In its latest earnings report, Norden confirmed selling 20 ships this year, including 13 via declared purchase options. Of the 20 sales, 15 were active fleet vessels, while five newbuilds were sold pre-delivery, but will be leased back on time charter.

In addition to unlocking asset value, the company has, year-to-date, entered into 18 new lease agreements with purchase options-10 of which are multipurpose (MPP) vessels-as part of its ongoing strategy to expand its presence in the project cargo market.