NORDEN sells 3 bulk carriers

Attached please find below text as PDF file.


Dampskibsselskabet NORDEN A/S
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NASDAQ OMX Copenhagen A/S                                   Announcement no. 30
Nikolaj Plads 6                                               10 September 2009
1067 Copenhagen K


NORDEN sells 3 bulk carriers

NORDEN has agreed to sell 3 Handymax bulk carriers for a total of USD 103
million before selling costs. The sales have no impact on the expectations for
2009, but they further strengthen NORDEN's financial position. 

All 3 vessels have been sold at a higher price than the market prices which 3
independent brokers gave on 30 June 2009. In total, the selling prices exceed
the brokers' average estimates by USD 4.3 million. 

The 3 sold Handymax bulk carriers are:

A newbuilding which NORDEN takes delivery of from Japanese yard on 16 September
after which NORDEN will operate the vessel until it is delivered to the new
owners at the turn of the year 2009/2010. 

A newbuilding which NORDEN expects to take delivery of from Japanese yard on 20
November 2009 after which the vessel will be delivered directly to the new
owners. 

M.v. NORDEN, which was built in 2005 and acquired by the Company in 2008 by
declaring a purchase option. The vessel is expected to be delivered to the new
owners in November 2009. 

NORDEN's active dry cargo fleet counts approximately 130 units, including 9
owned vessels of which 2 have been sold for future delivery. Adjusted for
abovementioned sales agreements and agreements previously entered into, the
order programme in dry cargo counts 27 owned newbuildings and 41 vessels on
long-term charter with and without purchase option. 


                                   Kind regards,
                          Dampskibsselskabet NORDEN A/S

                                 Carsten Mortensen
                                  President & CEO


Contact at tel. +45 3315 0451: Martin Badsted, Senior Vice President, og Hans
Bøving, Head of Corporate Communications. 

_______________________________________________________________________________

                          Dampskibsselskabet NORDEN A/S
                                52, Strandvejen
                               DK-2900 HELLERUP
                               CVR no. 67758919
                              www.ds-norden.com