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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.
The post Norden cashes in on MR tankers appeared first on Energy News Beat.
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