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.

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