Norden and Nacks To Launch Cargo Ultramax Ships

  • Danish shipping company Norden has entered into a newbuilding contract with Chinese shipbuilder Nantong Cosco Khi Ship Engineering Co. (NACKS) for four 61,000 dwt dry cargo Ultramax ships, expected to deliver during 2022.
  • Norden’s CEO Jan Rindbo said that the contract was in line with the company’s strategy of ‘agile asset trading and active management’ of the company’s cyclical market exposure.
  • The order is being placed at a time when COVID-19 has reduced ordering activity at global yards...

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