NORDEN has announced that it has agreed to sell two Capesize vessels, NORD POWER and NORD ENERGY, with delivery scheduled for 1Q25. This is a strategic sale of existing, older dry cargo vessels to realise NAV and maximise returns at a time when second-hand Capesize asset prices are at elevated levels. The expected sales profit will be realised in NORDEN’s 1Q25 financial results.

NORDEN 宣布已同意出售两艘好望角型船舶 NORD POWER 和 NORD ENERGY，预计于 2025 年 1 季度交付。这是对现有老旧干货船的战略性出售，目的是在二手好望角型资产价格高企之际实现净资产价值并实现收益最大化。预期销售利润将在 NORDEN 2025 年 1 季度财务业绩中实现。

To optimise its vessel portfolio, NORDEN has also entered into two new dry cargo leases with purchase options – one Capesize newbuilding and one Handysize newbuilding – both will be built in Japan with expected deliveries in 2028. NORDEN says it is committed to replace older vessels with high-quality newbuildings featuring state-of-the-art designs and the best available fuel performance, which will further enhance its freight service to customers.
Henrik Lykkegaard Madsen, Head of Asset Management commented: “By leasing newbuildings, we position ourselves advantageously against the backdrop of an ageing global fleet and the lowest orderbook in decades. With tight shipyard availability anticipated in the coming years, newbuilding prices and forward charter rates in the dry cargo sector are expected to remain robust.”
Furthermore, in what it said was strong testament to the value upside and agility of its business model, NORDEN has also exercised five purchase options below current market asset prices. The five purchase options are related to one Handysize dry cargo vessel and four MR tankers, and they will be added to NORDEN’s portfolio of owned vessels during 1H25.
After these transactions, NORDEN’s asset portfolio will consist of 17 owned vessels and 79 long-term leases with purchase options – of which 43 can be declared before the end of 2025.

为了优化其船舶组合，NORDEN 还签订了两份带有购买选择权的新干货租赁协议——一艘好望角型新船和一艘灵便型新船——两艘船都将在日本建造，预计于 2028 年交付。NORDEN 表示，它致力于用具有最先进设计和最佳燃油性能的高质量新船取代老旧船舶，这将进一步增强其对客户的货运服务。
资产管理主管 Henrik Lykkegaard Madsen 表示：“通过租赁新造船，我们在全球船队老化和订单量创几十年来新低的背景下占据了优势。由于预计未来几年船厂供应紧张，干散货领域的新造船价格和远期租船费率预计将保持强劲。”
此外，NORDEN 还行使了五项低于当前市场资产价格的购买选择权，这有力地证明了其商业模式的价值上升和灵活性。这五项购买选择权涉及一艘灵便型干货船和四艘 MR 油轮，它们将在 2025 年上半年添加到 NORDEN 的自有船舶组合中。
交易完成后，NORDEN 的资产组合将包括 17 艘自有船舶和 79 份带有购买选择权的长期租约，其中 43 份可在 2025 年底之前宣布。

Reprinted from Dry Bulk

转载自 Dry Bulk

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