NORDEN Signs 10-Year Contract with LKAB and Orders Ice-Class Vessels from Wuchang Shipbuilding

NORDEN has entered into a long-term Contract of Affreightment with LKAB for up to 10 years, ordering two ice-class multipurpose vessels from Wuchang Shipbuilding. The vessels will transport bentonite from Greece to northern Sweden, enhancing NORDEN's operations in ice-prone regions and supporting sustainable logistics with biofuel capabilities. Delivery is expected in 2028.

Published Mar 29, 2026

NORDEN has signed a long-term Contract of Affreightment with LKAB for up to 10 years, covering the transportation of bentonite from Greece to northern Sweden. In conjunction, NORDEN has ordered two 23,000 deadweight tonne ice-class multipurpose vessels from Wuchang Shipbuilding Industry Group, with expected delivery in 2028.

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The vessels, built to Finnish-Swedish Ice Class 1A standards, will enhance NORDEN's capabilities in ice-prone areas and support flexible cargo operations using biofuel. This strategic move aims to strengthen NORDEN's position in long-term customer-linked business and expand its reach among industrial customers.