NORDEN in brief
Dampskibsselskabet NORDEN A/S is an independent shipping company incorporated in Denmark and listed on NASDAQ OMX Copenhagen A/S as a part of the OMXC20 index. The market capitalisation at 12 May 2011 was DKK 7.8 billion. NORDEN was founded in 1871, making it one of Denmark’s oldest internationally operating shipping companies. NORDEN operates in dry cargo and tankers worldwide.
The management focus is long term and is based on NORDEN's vision, mission and values. The goal is for NORDEN to continuesly develop for the benefit of its stakeholders and to achieve stable reasonable earnings.
In dry cargo, NORDEN is active in all major vessel types. NORDEN is one of the world’s largest operators of Handymax and Panamax dry cargo vessels and has growing activities in the Handysize, Post-Panamax and Capesize vessel types. The Company's Handysize and Post-Panamax activities are operated commercially by NORDEN Handysize Pool and NORDEN Post-Panamax Pool, respectively, which also operate vessels from Interorient Navigation Company Ltd. (INC), Cyprus. In total 147 dry cargo vessels (excluding INC vessels and single trip chartered vessels).
In tankers, NORDEN is active in the Handysize and MR product tanker vessel types, in total 42 tanker vessels.
The product tanker activities are operated through the Norient Product Pool, which is managed by the 50% owned Norient Product Pool ApS.
NORDEN’s fleet is among the most modern and competitive in the industry and NORDEN operates a mix of owned and chartered tonnage in total 189 dry cargo- (excluding single trip chartered vessels) and tanker vessels. In addition NORDEN has a newbuilding programme (dry cargo 19, tanker 5).
Offices around the world
NORDEN has its head office in Hellerup, north of Copenhagen (Denmark) (210 employees incl. site-offices) and offices in Singapore (30), Shanghai (China) (13), Annapolis (USA) (16), Rio de Janeiro (Brazil) (3) and Mumbai (India) (4). At its offices NORDEN has in total 276 employees and about 810 are employed on the Company’s owned vessels.
NORDEN was a founding member of the Danish Shipowners' Association in 1884 and has since been a member. Furthermore NORDEN is a member of the international organisations; Intertanko (The International Association of Independent Tanker Owners), BIMCO (The Baltic and International Maritime Council) and ICC Denmark (International Chamber of Commerce).