Danish shipping heavyweight Norden is doubling down on its strategy of converting leased tonnage into owned assets—and then reselling them for profit.
The Copenhagen-listed company has offloaded two more unnamed MR tankers for an undisclosed sum, continuing a wave of disposals tied to its purchase-option strategy. The ships officially joined its owned fleet in the second quarter of 2025, after purchase options were taken at the end of last year.
S&P sources list the 2018-built MRs Nord Olympia and Nord Jewel as added to the owned fleet in Q2, while brokers have recently flagged the sale of the Nord Joy and Japan Marine United-built sister vessel Jewel, fetching around $37m each.
The latest sales bring Norden’s disposal count to 14 ships this year, with eight coming directly from exercised purchase options.
In addition, the Jan Rindbo-led owner and operator has also declared a purchase option on another MR tanker that is set to join the company’s fleet of owned vessels in the fourth quarter of 2025.
