NORDEN has entered into an agreement to acquire Norwegian dry bulk operator Norlat Shipping, which specialises in the shipment of forest products and other bulk commodities, with main trading routes from Northern Europe to North Africa and North America. “With a customer-centric business and trading routes complementary to NORDEN’s, Norlat is a great fit with NORDEN,’ says NORDEN CEO Jan Rindbo. “Norlat is an extremely skilled parcelling business, increasing NORDEN’s access to the Northern European forestry trade, new customers and cargo. The acquisition will be NORDEN’s second, following the mid-2023 acquisition of the activities of Thorco Projects, which is today fully integrated into NORDEN’s Freight Services & Trading business unit, operating as ‘Projects & Parcelling’. Norlat Shipping will become part of the Projects & Parcelling team in NORDEN.

Source: The North Africa Journal July 24, 2024 08:25 UTC