Based on better-than-expected operational performance and improving markets, Denmark’s Norden, a shipping company known for its ocean-based freight services for bulk and project cargo of all sizes, upgrades the 2025 full-year guidance and now expects a net profit in the range of $100-$140m (previously $70-$130m).

According to Norden, net profit amounted to $26m (DKK 166m) in the third quarter 2025, corresponding to a return on invested capital (ROIC) of 10% in the last twelve months.

As part of its strategy to realise asset values, the company has year-to-date sold in total 22 vessels, of which 15 of the vessels were from declared purchase options.

For the full-year 2025, Norden expect gains from sales of vessels from already signed and agreed transactions of $73m (previously $70m).

Jan Rindbo, Norden chief executive officer, commented: “NORDEN continues to capture value through strong operational performance combined with vessel sales.

“Thanks to the disciplined execution of our asset strategy, we have managed to unlock significant portfolio value, highlighting our exposure to upside potential through both owned assets and leases with purchase options.”

Norden will publish the full detailed third quarter and nine months 2025 financial results on October 30.