Danish owner and operator Norden has sealed a deal to acquire Norwegian dry bulk operator Norlat Shipping. Founded in 1986, privately owned Norlat specialises in the shipment of forest products and other bulk commodities on trade routes from Northern Europe to North Africa and North America. The company has offices in Sarpsborg and Bergen in Norway and Stockholm, Sweden, where eight of its employees operate the asset-light business, based on chartered vessels with four to five monthly shipments, mostly on handysize ships. “Norlat is an extremely skilled parcelling business, increasing Norden’s access to the Northern European forestry trade, new customers and cargo. Matched with Norden’s size and access, there are significant opportunities for further growth and commercial synergies,” said Jan Rindbo, chief executive at Norden. Norlat Shipping will become part of Norden’s projects and parcelling team, adding to the company’s acquisition of compatriot Thorco Projects last year. Financial terms have not been disclosed, but Norden said the move should not affect its guidance for this year. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsDenmark Norway