NORDEN simplifies business unit structure

NORDEN is simplifying the business as part of our strategy to be even more customer, trading and data driven.

This is done by consolidating the former three business units into two business units, one focused on investments, the other on asset-light freight services.

Assets & Logistics 

Assets & Logistics is the name of our business unit focusing on investments. 

The unit is made up of current activities in Asset Management, which handles the ownership and longer-term leasing of dry cargo vessels and product tankers. Asset Management is joined by Logistics and Climate Solutions, a newly established team, which will work to deliver efficient and sustainable supply chain solutions to our customers by investing in selected port logistics.

“Logistics and Climate Solutions signals our commitment to develop customer solutions beyond a standard freight service, improving supply chain efficiency and reducing carbon emissions for our customers,” says CEO Jan Rindbo, adding that this is a natural extension of our current business.

Freight Services & Trading

Freight Services & Trading is the name of our asset light business unit.

The unit groups NORDEN’s Dry Operator and Tanker Operator activities, supported by an extensive risk management framework, designed to deliver strong recurring earnings.

With our commercial tanker pool activity embedded in this business unit, we are committed to further enhancing our product to the members as one of the best-performing and most attractive tanker pools in the world. Our ambition is to upscale the pool, offering new members the same opportunity to optimise their earnings.

By placing all asset light profit centers across our two primary markets under one umbrella, NORDEN extends its strategic drive to be more customer and data driven, strengthening our trading platform.

“The powerful combination of human knowledge, advanced analytics and a strong brand ensures that our empowered teams across 11 global offices can act with the autonomy, agility and speed needed in volatile markets to deliver strong returns while providing our customers with a reliable, efficient freight service,” says CEO Jan Rindbo.