Norden has lifted its profit guidance for the year by $30m after a string of sales allowed it to cash in on the value of its owned ships.

The Copenhagen-listed shipowner and operator, whose fleet includes bulkers and product tankers, said it now expects to log a full-year net profit of $50m to $130m.

The company, led by chief executive Jan Rindbo, had previously said it expected to log a 2025 net profit in the range of $20m to $100m.