NORDEN sells Panamax bulkcarrier

Attached please find below text as PDF file.


Dampskibsselskabet ”NORDEN” A/S
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The Copenhagen Stock Exchange                               Announcement No. 27
Nikolaj Plads 6                                                    31 July 2007
DK-1067 Copenhagen K                                                Page 1 of 1









NORDEN sells Panamax bulkcarrier

The Company has sold a three-year-old Panamax bulkcarrier to Greek interests.

The vessel is expected to be delivered to the new owner during the first
quarter of 2008, when the profit from the sale of approximately USD 46 million
after tax will be recognised. 

As previously announced, the Group has sold an MR product tanker and a Handymax
bulkcarrier, also for delivery in 2008, with a total profit of approximately
USD 17 million after tax. 

Totally, vessels have thus been sold for delivery in 2008 with a profit of USD
63 million after tax. 


                                Kind regards
                        Dampskibsselskabet ”NORDEN” A/S


                            Jens Fehrn-Christensen
                         Executive Vice President & CFO






Contact person: Vice President Martin Badsted, tel. +45 3315 0451.
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                        Dampskibsselskabet ”NORDEN” A/S
                                49, Amaliegade
                             DK-1256 COPENHAGEN K
                               www.ds-norden.com