NORDEN Capitalises on Rising Dry Cargo Asset Values

Since the start of the year asset prices for vessels in the dry cargo market have increased by approximately 80%, which by the end of 2Q had resulted in a rise of more than US$350 million in the market value of NORDEN’s portfolio of owned and leased vessels.

Having actively shifted exposure of the portfolio away from tankers to dry cargo during the past 18 months with the sale of six tanker vessels and purchase of 13 dry cargo vessels, NORDEN is now converting the added market value to profit through vessels sales.

View entirety: Dry Bulk Magazine