Norden CEO: Challenges were piling up

CEO of Norden, Carsten Mortensen, is excited to present a financial statement in which the fourth quarter of 2011, measured by EBITDA, turned out to be the best since the advent of the financial crisis. The high earnings have continued into the first quarter of 2012, says Mortensen to ShippingWatch.

Carsten Mortensen is very satisfied with the financial statement for a year that has seen many challenges in the markets in which the company operates.

 “Throughout 2011, challenges were almost piling up. There were the floods in Australia, the catastrophe in Japan, and the soaring bunker prices. We finished up the year with results that were better we had hoped for. They were a bit more positive than we had promised back in November so I am very satisfied,” says Carsten Morten to ShippingWatch.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Ørsted wants Maersk as customer in green methanol project

Energy company Ørsted has just bought 45 percent of Swedish Flagship One, which is set to produce green methanol for the shipping industry as of 2024. Ørsted's head of hydrogen wants Maersk as customer in the large scale project, he tells ShippingWatch.

Singapore names its biggest bunker suppliers

TFG Marine, a bunker company founded by two John Fredriksen-controlled carriers and commodity trader Trafigura, is among the five biggest bunker suppliers in Singapore in 2021. See the list here.

Record number of ships passed through Suez in 2021

Despite the blockage in the Suez Canal during spring of last year, the crucial waterway set a record for the number of ships passing through in 2021, reports Bloomberg. The canal is expected to complete an expansion by the middle of next year.

Latest news

See all jobs