Norden Ice venture with Glencore

SHIPPING: Norden has entered into a new joint venture with Glencore with a focus on transport of coal from Russia on an ice classed vessel. They will share the costs for preparing the Panamax vessel Nord Neptune for sailing in ice and the gains from future chartering.

The extraordinary hard winter this year meant that several coal exporting companies had a difficult time exporting their cargoes from ports in the Baltic Sea, because conventional vessels were not suitably fitted for sailing in sea ice.

Norden's partner for manyyears, Glencore, who is one of the world's largest commodity producers and traders, has now taken the step to secure future transport from Russia to Europe even in the coldest of winter months.

As part of this work, Norden and Glencore have now entered into a new 5-year joint venture, where the parties share the costs for preparing the Panamax vessel Nord Neptune for sailing in ice and the gains from future chartering of the vessel.

"We built Glencore's reputation on performance and dependability and are delighted to join forces with Norden, who fully shares and delivers these values. Together, we have been able to secure yearround reliable coal transportation, with full operational capability throughout the winter.

We see this joint venture as the next logical step in the ongoing mutual co-operation between our two companies, and we are proud of our association together," says Angus Paul, Head of Freight, Coal Division, Glencore International AG, Baar, Switzerland.

Nord Neptune was previously chartered by Norden on a longterm basis and in connection with the rebuilding plans, Norden declared a purchase option on the vessel in July with handing-over in September. Rebuilding a vessel for ice class takes approximately 6-8 weeks and encompasses, among other things, reinforcement of the hull, increased engine power, and on top of this, the crew needs to be trained in sailing in icy waters.

Besides sharing the costs of rebuilding, the parties will also be sharing gains and risks on chartering of the vessel during the 5 years of the contract. This means that the vessel will not necessarily be transporting Glencore cargo, it might be transporting cargoes from third party companies depending on what is the most profitable business to the joint venture.

The joint venture is one of the most recent examples of how Norden strengthens relationships with selected customers, where the Company and the customer share vessels and cargoes for a short or longer period of time.

Norden will typically be in charge of operating the vessels and cargoes, while commercial decisions are made jointly by consensus within the joint venture. Profit sharing arrangements like these have lately become more relevant as more raw material and mining companies have started to charter or invest in their own tonnage.

Norden's dry cargo fleet now has a total of 3 ice classed vessels. Beside Nord Neptune, the 2 Panamax vessel Nordpol and Nordkap are also equipped for sailing in ice. An addition of 3 ice classed Handysizes are on order at a South Corean shipyard.

Source: Norden / maritimedanmark.dk

Maritimedanmark.dk

Rekruttering: Ram de rigtige kandidater – i det rette miljø

Relateret indhold

26.06.2025Marstal Navigationsskole

Sponseret

Marstal Navigationsskole dimission sommer 2025

24.06.2025Maritimedanmark.dk

Usikkerhed omkring Hormuz-strædet fortsætter

20.06.2025Maritimedanmark.dk

Maersk sætter anløb i Haifa på pause

23.05.2025Maritimedanmark.dk

Sejladsen genoptaget efter grundstødning

14.05.2025Marstal Navigationsskole

Sponseret

Marstal Navigationsskole byder velkommen til et nyt hold Færgenavigatører

12.05.2025Maritimedanmark.dk

Israel angriber Houthier fra luften

30.04.2025West-Marine A/S

Sponseret

Stærkt år trods global uro

26.04.2025Maritimedanmark.dk

Verdens største biltransportskib søsat

Jobmarked

Se alle

Skoleskibet Danmark

Maskinchef til Skoleskibet DANMARK

Vil du være med til at uddanne fremtidens søfolk og sikre teknikken ombord på Skoleskibet DANMARK? MARTEC og Skoleskibet DANMARK søger maskinmester til en fast stilling med udmønstringer på 1:1 ordning og periodevis arbejde i land på MARTEC.

Område

Nordjylland

Ansøgningsfrist

14.08.2025

Maersk Offshore Wind A/S

Chief Officer

Maersk Offshore Wind is hiring Offshore crew for our Wind Turbine Installation Vessel currently under Construction at Seatrium Shipyard in Singapore. The new build is expected to be delivered in Q4 2025.

Område

Hele Danmark

Ansøgningsfrist

Snarest muligt

EUC Nord

Genopslag - Underviser til maritim uddannelse

Vil du hjælpe med at uddanne unge og voksne til en af de mest spændende brancher i Danmark – så har vi jobbet til dig lige her! Den maritime industri er i vækst og har brug for veluddannet arbejdskraft.

Ansøgningsfrist

20.08.2025

Småøernes Færgeselskaber

Fast Skipper/styrmandsafløser til Agersøfærgen

Småøernes færgeselskaber søger for Slagelse Kommune, en fast skipper/styrmandsafløser til Agersø-Omø færgerne. Du vil træde ind og blive del af et erfarent team tilknyttet Agersø færgen, hvor du vil indgå på fuld tid i en tørnliste med skiftende vagter/rul (der er mulighed for overnatning).

Område

Sjælland

Ansøgningsfrist

30.07.2025

Esbjerg Havn

Esbjerg Havn søger Havneassistent

Havneassistenten indgår i døgnvagten, der betjener havnens kunder, og varetager ordensmæssige, administrative og maritime opgaver.

Område

Syddanmark

Ansøgningsfrist

13.07.2025

Fiskeristyrelsen

Maskinmester til Landbrugs- og Fiskeristyrelsens kontrolskib Nordsøen

Har du lyst til at indgå i et mindre team, der medvirker til at udføre fiskerikontrol til søs ved at varetage vedligehold og service i maskinrummet? Så søger Landbrugs- og Fiskeristyrelsen en maskinmester til fiskerikontrolskibet Nordsøen.

Område

Hele Danmark

Ansøgningsfrist

19.07.2025

Maritimedanmark.dk

Salgstalent søges til salg af b2b-medieløsninger

Vil du arbejde med stærke B2B-medieplatforme og hjælpe virksomheder med at skabe synlighed gennem advertorials, content marketing og annoncering? Har du drive, er proaktiv og trives i en salgsrolle, hvor du både opsøger nye kunder og udvikler eksisterende relationer? Så er du måske vores nye kollega hos Horisont Gruppen A/S.

Område

Hovedstaden

Ansøgningsfrist

Snarest muligt

Maersk Offshore Wind A/S

Marine Technician / Mechanic

Maersk Offshore Wind is hiring Offshore crew for our Wind Turbine Installation Vessel currently under Construction at Seatrium Shipyard in Singapore. The new build is expected to be delivered in Q4 2025.

Område

Hele Danmark

Ansøgningsfrist

07.08.2025

Maersk Offshore Wind A/S

Second Officer

Maersk Offshore Wind is hiring Offshore crew for our Wind Turbine Installation Vessel currently under Construction at Seatrium Shipyard in Singapore. The new build is expected to be delivered in Q4 2025.

Område

Hele Danmark

Ansøgningsfrist

03.07.2025

Maersk Offshore Wind A/S

Third Engineer

Maersk Offshore Wind is hiring Offshore crew for our Wind Turbine Installation Vessel currently under Construction at Seatrium Shipyard in Singapore. The new build is expected to be delivered in Q4 2025.

Område

Hele Danmark

Ansøgningsfrist

03.07.2025

Bliv opdateret med maritimedanmark.dk

Tilmeld dig nyhedsbrevet fra den maritime branche. Vi leverer nyhedsoverblikket og fagligheden, gode jobtilbud og faglige events. Hver dag,

Se flere temaer

Events

Se alle
RelyOn
Kursus
Workplace Violence Awareness (Adaptive) - OSHA Standards (E-learning course - afholdes løbende)

The aim of this course is to inform you about different types of workplace violence, signs of potential violence and how best to respond. You will be able to explain the importance and purpose of a workplace violence prevention program and identify violence hazard prevention and controls.

Dato

01.07.2025

Sted

Digital course

RelyOn
Kursus
Workplace Violence awareness - OSHA Standards (E-learning course - afholdes løbende)

The aim of this course is to inform you about different types of workplace violence, signs of potential violence and how best to respond. You will be able to explain the importance and purpose of a workplace violence prevention program and identify violence hazard prevention and controls.

Dato

01.07.2025

Sted

Digital course

RelyOn
Kursus
Workplace Hazards and Personal Safety (E-learning course - afholdes løbende)

This course on workplace hazards and personal safety, will inform you about the general hazards you will find offshore, how to evaluate them, and continue to carry out your duties as safely as possible.

Dato

01.07.2025

Sted

Digital course

RelyOn
Kursus
Workplace Harassment and Respect Awareness (Adaptive) (E-learning course - afholdes løbende)

The aim of this course is to provide delegates with information on different forms of workplace harassment, how to recognise it and what you can do to prevent it.

Dato

01.07.2025

Sted

Digital course

RelyOn
Kursus
Workplace Harassment and Respect Awareness - OSHA Standards (E-learning course - afholdes løbende)

The aim of this course is to provide delegates with information on different forms of workplace harassment, how to recognize it and what you can do to prevent it.

Dato

01.07.2025

Sted

Digital course

RelyOn
Kursus
Workplace Harassment and Respect Awareness (E-learning course - afholdes løbende)

The aim of this course is to provide delegates with information on different forms of workplace harassment, how to recognize it and what you can do to prevent it.

Dato

01.07.2025

Sted

Digital course