DS Norden

NORDEN A/S is an independent shipping company incorporated in Denmark and listed on Nasdaq Copenhagen. NORDEN was founded in 1871, making it one of Denmark’s oldest internationally operating shipping companies.

Norden CEO: Dry bulk is above water once more

Dry bulk saw a strong finish to 2017, and the market is now "clearly in a better place" with a fast-paced global economy and low fleet growth, says Norden CEO Jan Rindbo to ShippingWatch. The Q4 operating result disappointed analysts.

Norden delivers USD 28 million profit for 2017

Danish dry bulk and tanker shipping company Norden finished 2017 with its first full-year profit since 2011. The adjusted profit came to USD 28 million. Norden expects a new profit for 2018.

This week's top stories on ShippingWatch

Norway's Government Pension Fund Global blacklisted carriers for using beaching yards, the new ECSA chairman presented a notable new proposal, Norden raised its forecast and Maersk established a company with IBM. These were all among this week's top stories on ShippingWatch.

Norden raises profit guidance for 2017

Carrier Norden is now confident that it will deliver a double-digit million dollar profit for 2017, says the carrier. "This is a significant shift," CEO Jan Rindbo tells ShippingWatch.

When Rindbo handed responsibility back to the employees

CEO Jan Rindbo is on track to deliver the first positive full-year result for Norden since 2011. In an interview with ShippingWatch, he explains what it has meant to hand responsibility back to the employees – and the other executives.

Norden CEO: This result marks a significant shift for Norden

Norden has not been profitable since 2011, and for the carrier's CEO Jan Rindbo, it would be a milestone to bag a profit for the full year. With a positive result and upgraded guidance in the third quarter, Norden is on the right track, he says in an interview with ShippingWatch.

Norden's bulk business profitable again

Danish dry bulk and tanker carrier Norden achieved a profit in the third quarter. The dry bulk business is profitable again and the carrier upgrades its guidance for 2017.

Diamond S pulls 18 vessels out of Norden's tanker pool

Diamond S Shipping, controlled by current US Secretary of Commerce Wilbur Ross, is pulling its vessels out of Norden's tanker pool and Scorpio for strategic reasons. "Not a problem for us," says Søren Huscher, CEO of Norient Product Pool.

Norden's head of dry cargo targets growth with new venture

This summer, Danish carrier Norden launched its new operator business as a supplement to the owned and long-term chartered vessels. "This will be a good growth driver," Norden's Head of Dry Cargo, Christian Vinther Christensen, tells ShippingWatch.

Maersk Tankers far behind competitors

One of the next companies to be spun off from Maersk Group, Maersk Tankers, made a tactical error in the latest quarter, acknowledges CEO Christian Ingerslev to ShippingWatch. This led to a significantly bad result.

Here are next week's critical interim reports from shipping

Next week will bring Q2 interim reports from the heavy hitters in Danish shipping for a first half-year which saw positive developments in container and bulk, while the tanker market is challenged by weak rates and too many vessels. The Maersk report is widely seen as a test of Søren Skou after one year as Group CEO.

Norden to continue tanker fleet expansion

Carrier Norden has been very active in terms of expanding its tanker fleet in 2017 through acquisitions and charters. The carrier is focusing especially on MR vessels, while also adding Handysizes to the fleet.

Death on Norden vessel being investigated

A 38-year-old crew member from the Philippines has been killed in an accident on board Norden vessel Nord Quebec when the ship berthed at Troi-Riviéres in Canada. The Canadian authorities are investigating the accident.

Clarksons: Uncertainty spreads in bulk

Analyst firm Clarksons believes that "unabated optimism" in the dry bulk market earlier in 2017 has been replaced by more uncertainty and falling dry cargo values. Nevertheless, the analyst firm does not see cause for concern.

Strong bulk market surprised Norden CEO Jan Rindbo

Despite a "surprisingly strong" dry bulk market, Norden's bulk business showed weak performance in this year's first quarter because the carrier's tonnage was fully utilized. CEO Jan Rindbo expects an adjusted bulk result in the low end of the forecast, he tells ShippingWatch.

Norden logs USD 1 million profit in Q1

Norden booked a surprising profit on the bottom line in the first quarter. The bulk business still has an overall deficit, but is improving. Meanwhile, profits were reduced in the tanker business.

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