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日本海事新聞ニュース Japan Maritime Daily Feb 06, 2026 (Fri)

Norden Sells 23 Vessels in Asset-Light Push, Leveraging Purchase Options to Support Earnings

　Norden, a major Danish tramper company, announced on February 4 that its financial results for the ・・・ %E3%80%80%3Cb%3ENorden%3C%2Fb%3E%2C+a+major+Danish+tramper+company%2C+announced+on+February+4+that+its+financial+results+for+the+fiscal+year+ended+December+2025+showed+net+profit+of+%24120.3+million+%28approximately+18.8+billion+yen%29%2C+down+26%25+from+the+previous+period.+The+main+reasons+for+this+were+a+decrease+in+revenue+due+to+a+reduction+in+high-cost+chartered+vessels+and+a+weaker+product+carrier+market+compared+to+the+previous+year.+The+performance+supported+by+a+%2470+million+gain+on+the+sale+of+23+ships+%28compared+to+%2482+million+in+the+previous+period%29.+%3Cbr%3E%E3%80%80Sales+fell+by+23%25+to+%243.1+billion.+Regarding+the+operating+income+by+division%2C+the+dry+bulk+business+turned+to+be+profitable%2C+posting+a+profit+of+%2429+million+%28compared+to+a+loss+of+%2456+million+in+the+previous+period%29%2C+thanks+to+the+return+of+high-cost+ships.+The+operating+income+for+the+product+carrier+business+fell+by+46%25+to+%24116+million.+%3Cbr%3E%E3%80%80CEO+%28Chief+Executive+Officer%29+Jan+Rindbo+said%2C+%E2%80%9CWe+delivered+strong+performance+despite+geopolitical+uncertainty+and+a+challenging+market+environment.+Our+net+profit+and+ROIC+%28return+on+invested+capital%29+of+8.9%25+demonstrate+the+strength+of+our+business+model.%E2%80%9C+%3Cbr%3E%E3%80%80Fifteen+of+the+23+vessels+sold+were+resales+after+the+company+exercised+the+purchase+options+%28PO%29+in+the+charter+contracts.+Five+of+the+ships+were+sold+as+part+of+the+sale+and+TC+%28time+charter%29+back+of+new+ships.+%3Cbr%3E%E3%80%80In+2025%2C+the+company+signed+new+charter+contracts+with+POs+for+24+ships.+Of+these%2C+16+were+multipurpose+cargo+vessels+%28MPPs%29.+%3Cbr%3E%E3%80%80The+core+fleet+at+the+end+of+2025+consisted+of+12+owned+vessels+and+70+long-term+chartered+vessels.+The+company+has+32+newbuilding+ships+on+order%2C+including+chartered+ships%2C+and+is+continuing+its+asset-light+strategy+of+limiting+orders+for+its+own+ships+and+utilizing+chartered+ships+with+purchase+options.+%3Cbr%3E%E3%80%80It+has+secured+a+total+of+90+ships+with+purchase+options%2C+including+existing+and+new+ships.+Of+those%2C+40+ships+have+exercise+prices%2C+on+average%2C+18%25+below+the+current+market+price.+%3Cbr%3E%E3%80%80The+company+expects+net+profit+of+%2430+million+to+%24100+million+%28%2420+million+from+the+sale+of+ships%29+for+the+fiscal+year+ending+December+2026.+%E2%80%9CMargins+in+the+dry+bulk+operator+business+are+expected+to+continue+to+improve%2C+while+the+tanker+business+is+expected+to+remain+strong+in+the+first+half+%28January-June%29+but+ease+towards+the+second+half+of+the+year%2C%E2%80%9C+%3Cb%3ENorden%3C%2Fb%3E+said.+%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E5%88%A9%E7%94%A8%E3%81%97%E3%81%A6%E8%87%AA%E5%8B%95%E7%9A%84%E3%83%BB%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E7%BF%BB%E8%A8%B3%E3%81%97%E3%81%9F%E7%B5%90%E6%9E%9C%E3%81%A7%E3%81%82%E3%82%8A%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%80%81%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%81%AF%E3%80%81%E5%BD%93%E8%A9%B2%E8%8B%B1%E8%A8%B3%E3%81%AB%E9%96%A2%E3%81%97%E3%81%A6%E3%80%81%E3%81%9D%E3%81%AE%E6%AD%A3%E7%A2%BA%E6%80%A7%E3%80%81%E4%BF%A1%E9%A0%BC%E6%80%A7%E3%80%81%E5%A6%A5%E5%BD%93%E6%80%A7%E5%8F%8A%E3%81%B3%E7%89%B9%E5%AE%9A%E7%9B%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ノルデン、25年12月期純利益26%減。製品船が減益。23隻売却
2026/02/06(金)
日本海事新聞 JMD


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