ShippingWatch

Norden CEO confident in considerable gains for product tanker during second half

After a weak second quarter for the product tanker market, Norden CEO Jan Rindbo is now detecting the effects of the IMO's sulfur regulations. He explains to ShippingWatch why earnings of at least USD 23 million from this business area is feasible for the rest of 2019.

Photo: Lars Krabbe/ERH

Shipping company Norden is right now going through a crucial half-year in one of its two business legs, product tanker.

The time to convert expectations for a considerably better market to bottom line is now, when the IMO's upcoming sulfur regulations is to provide the market with the heralded boost that shipping lines have been looking forward to for months.

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