Dampskibsselskabet Norden A/S (commonly abbreviated D/S Norden or NORDEN) is a Danish

shipping Freight transport, also referred to as freight forwarding, is the physical process of transporting commodities and merchandise goods and cargo. The term shipping originally referred to transport by sea but in American English, it has been ...

company operating in the dry cargo and tanker segment worldwide. The company

headquarters Headquarters (often referred to as HQ) notes the location where most or all of the important functions of an organization are coordinated. The term is used in a wide variety of situations, including private sector corporations, non-profits, mil ...

are located in

Copenhagen Copenhagen ( ) is the capital and most populous city of Denmark, with a population of 1.4 million in the Urban area of Copenhagen, urban area. The city is situated on the islands of Zealand and Amager, separated from Malmö, Sweden, by the ...

Denmark Denmark is a Nordic countries, Nordic country in Northern Europe. It is the metropole and most populous constituent of the Kingdom of Denmark,, . also known as the Danish Realm, a constitutionally unitary state that includes the Autonomous a ...

and the company is listed on the

Copenhagen Stock Exchange The Nasdaq Copenhagen, formerly known as the Copenhagen Stock Exchange (), is an international marketplace for Danish securities, including shares, bonds, treasury bills and notes, and financial futures and options. Nasdaq Copenhagen is on ...

History

Early years

D/S Norden is one of Denmark's oldest shipping companies, founded in 1871 by Mads Christian Holm. It was named after its first vessel, a

Glasgow Glasgow is the Cities of Scotland, most populous city in Scotland, located on the banks of the River Clyde in Strathclyde, west central Scotland. It is the List of cities in the United Kingdom, third-most-populous city in the United Kingdom ...

-built

steamship A steamship, often referred to as a steamer, is a type of steam-powered vessel, typically ocean-faring and seaworthy, that is propelled by one or more steam engines that typically move (turn) propellers or paddlewheels. The first steamships ...

. The company is composed of a dry cargo and a tanker division.

Merger with D/S Orient

In the years after World War II, D/S Norden entered into an operational collaboration with D/S Orient. In 1946 Orient began to buy shares. The acquisitions continued until Orient in 1955 was granted the status of majority shareholder in D/S Norden. The majority shareholder of D/S Orient was another shipping company, A/S Motortramp, founded on 15 July 1925 by Orient's vice-chairman Arnold Eugen Reimann. In 1962, Orient's director Aage A. Tonboe became D/S Norden's 4th CEO, and immediately.

21st century

In 2002 rival

shipping company A shipping line or shipping company is a company whose line of business is ownership and operation of ships. Shipping companies provide a method of distinguishing ships by different kinds of cargo: # Bulk cargo is a type of special cargo that is ...

DS TORM tried to take over NORDEN. Despite resistance from some shareholders, TORM eventually gained control of almost 33% of NORDEN's shares. Although the

takeover In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are publicly listed, in contrast to the acquisi ...

attempt was unsuccessful, rising stock prices meant that TORM held onto the shares until 2007.

Operations

Dry cargo

In dry cargo, NORDEN is one of the world’s largest operators of

Supramax Handymax and Supramax are naval architecture terms for the larger bulk carriers in the Handysize class. Handysize class consists of Supramax (50,000 to 60,000 DWT), Handymax (40,000 to 50,000 DWT), and Handy (<40,000 DWT). The ships are used fo ...

and

Panamax Panamax and New Panamax (or Neopanamax) are terms for the size limits for ships traveling through the Panama Canal. The limits and requirements are published by the Panama Canal Authority (ACP) in a publication titled "Vessel Requirements". ...

dry cargo vessels and has activities in the

Handysize Handysize is a naval architecture term for smaller bulk carriers or oil tanker with deadweight of up to 50,000 tonnes, although there is no official definition in terms of exact tonnages. Handysize is also sometimes used to refer to the span of ...

and

Post-Panamax Panamax and New Panamax (or Neopanamax) are terms for the size limits for ships traveling through the Panama Canal. The limits and requirements are published by the Panama Canal Authority (ACP) in a publication titled "Vessel Requirements". ...

vessel types as well.

Tanker

In tankers, NORDEN is active in the Handysize, MR and LR1 product tanker vessel types The product tanker activities are operated through th
Norient
Product Pool, which is jointly owned by NORDEN and Interorient Navigation Company Ltd.

Fleet

NORDEN's fleet is among the most modern and competitive in the industry and the firm operates in total about 300 dry cargo- and tanker vessels (a mix of owned and chartered tonnage). NORDEN has its head office in Hellerup (north of

), Denmark and offices in

Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...

Shanghai Shanghai, Shanghainese: , Standard Chinese pronunciation: is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the ...

Annapolis Annapolis ( ) is the capital of the U.S. state of Maryland. It is the county seat of Anne Arundel County and its only incorporated city. Situated on the Chesapeake Bay at the mouth of the Severn River, south of Baltimore and about east o ...

Rio de Janeiro Rio de Janeiro, or simply Rio, is the capital of the Rio de Janeiro (state), state of Rio de Janeiro. It is the List of cities in Brazil by population, second-most-populous city in Brazil (after São Paulo) and the Largest cities in the America ...

Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...

, Santiago, Melbourne and Vancouver. At its offices the company has in total about 310 employees and about 640 are employed on the Company’s owned vessels.">Dampskibsselskabet "NORDEN" A/S - NORDEN around the world
/ref> NORDEN was a founding member of the Danish Shipowners' Association in 1884 and has been a member ever since. It is also a member of the international organisations; Intertanko (The International Association of Independent Tanker Owners), BIMCO (The Baltic and International Maritime Council) and ICC Denmark (International Chamber of Commerce).

References

External links

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Source
{{DEFAULTSORT:D S Norden Shipping companies of Denmark Shipping companies based in Copenhagen Companies based in Gentofte Municipality Tanker shipping companies Danish companies established in 1871 Companies listed on Nasdaq Copenhagen