- Business
- Dampskibsselskabet Norden A/S (DPBSF) operates as an independent shipping company providing worldwide shipping services through time charters, voyage charters, and contracts of affreightment. The company offers dry cargo services, including Panamax, Capesize, and Supramax/Handymax vessels for the transportation of commodities such as coal, iron ore, grain, and steel; tanker services encompassing product tankers like MR, LR1, LR2, and Aframax vessels for refined oil products, vegetable oils, and easy chemicals; and logistics solutions via its subsidiary TORM Tankers for specialized tanker operations. It serves industrial clients, commodity traders, and charterers in global markets, with operations spanning Europe, Asia, North America, and other key shipping regions; Norden was founded in 1871 and maintains its headquarters in Hellerup, Denmark. In recent developments, the company expanded its fleet through strategic vessel acquisitions and newbuild orders in 2024, enhancing its dry bulk and product tanker segments amid volatile freight markets; it also formed alliances for green fuel initiatives and reported a major refinancing deal to support expansion into sustainable shipping practices.