Due to increased profits from ship sales and good operating performance, Danish shipping company Norden is raising its forecast for the full year 2025.
It now expects a net profit in the range of $50 million to $130 million – previously the range was between $20 million and $100 million.
As part of our asset realization strategy, a total of eleven vessels have been sold since the beginning of the year, five of which were from declared call options. The company recently announced the sale of five vessels and the simultaneous repurchase of shares. For the full year 2025, the company now expects a profit from the sale of ships of $45 million (previously $16 million). After tax and other items, the expected impact of the ship transactions on full-year net profit since the last forecast is $23 million.
“Thanks to the disciplined execution of our asset strategy, we have succeeded in unlocking significant portfolio value,” comments CEO Jan Rindbo. “In an effort to generate attractive returns, we actively manage our portfolio of owned and leased vessels with the intention of reducing risk in the short term and increasing exposure in the long term.”
