In parallel with our strategy to realise asset values, we are concurrently also entering new lease agreements with purchase options to ensure we stay positioned for future upside potential.

To provide our customers with efficient shipping solutions, we are committed to replacing older vessels with high-quality vessels with the best available fuel performance.

As a continuation of our strategy to grow our presence in the project cargo market, we have added six new Multi-purpose (MPP) vessel leases with purchase options - four newbuildings delivering 2027/2028 and two second-hand vessels currently trading in our fleet. These new leases highlight our continued focus on strengthening our position and building a core fleet to service our customers in the Multi-purpose segment, which benefits from favourable supply fundamentals with a rapidly ageing fleet and low orderbook, coupled with a strong projected demand outlook.

In addition to the MPP leases, we have also entered a new Handysize lease agreement with a purchase option for a newbuilding delivering 2026.

Year-to-date, we have entered 18 new lease agreements with purchase options.

NORDEN press release