NORDEN sells Handymax newbuildings

Attached please find below text as PDF file.


Dampskibsselskabet ”NORDEN” A/S
_______________________________________________________________________________


OMX Nordic Exchange Copenhagen A/S                          Announcement No. 32
Nikolaj Plads 6                                               10 September 2007
1067 Copenhagen K                                                   Page 1 of 1


NORDEN sells Handymax newbuildings

Dampskibsselskabet ”NORDEN” A/S has agreed to sell 2 Handymax newbuildings, one
of which is 50% part owned, with delivery from Chinese yard. The Company will
charter back the 2 newbuildings from the new owner for a charter period of 3
years with the option to extend the period to 5 years. 

The newbuildings are expected to be delivered to the new owner during the third
quarter of 2010, when the profit from the sale of USD 14.9 million after tax
will be recognised. 

                                     Kind regards,
                            Dampskibsselskabet ”NORDEN” A/S

                                  Carsten Mortensen
                                   President & CEO


Contact at tel. +45 3315 0451: Carsten Mortensen, President & CEO.
 _______________________________________________________________________________

                            Dampskibsselskabet ”NORDEN” A/S
                                   49, Amaliegade
                               DK-1256 COPENHAGEN K
                                  www.ds-norden.com