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...