Norden has completed its second sale-and-purchase (S&P) move this month as it added another medium-range (MR) product tanker.
The Copenhagen-listed company has acquired an unnamed 2010-built tanker, it told investors today.
With the latest acquisition, Norden makes good on its promise to expand its tanker fleet.
Jan Rindbo, chief executive of Norden, said: “With the purchase of the MR product tanker, Norden once again takes advantage of the current reduced tonnage prices to increase the capacity and position the tanker business towards possible market improvements after 2017.
