Norden has dipped into the sale-and-purchase market to expand its fleet of products tankers at the same time as taking on further time-chartered tonnage.

Copenhagen-listed Norden has bought a 2009-built medium-range tanker which will be renamed Nord Pearl, it told investors today.

It has also fixed in two further MRs with purchase options, taking to four the number of newbuildings Norden has taken on long-term deals during 2017.