Norden downgrades expectations for dry bulk

Dry bulk and product tanker ship operator Norden now downgrades the guidance for its dry bulk operator business. But stronger developments in tanker mean that the shipping company maintains its full-year expectations.

Photo: PR/Norden

Norden now lowers expectations for its bulk business unit, says the company in its second quarter interim report Wednesday.

The report shows that the company booked deficits for both dry bulk and tanker, and its Dry Operator business unit was hit by the miserable dry bulk market that has characterized 2019 so far.

Read the whole article

Get 14 days free access.
No credit card required.

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

"Mixed lobbying" hinders Maersk from elite status on climate efforts

Think tank InfluenceMap has mapped out how well global companies like Unilever, Ikea and Maersk are performing in terms of meeting climate requirements and whether their words match their deeds. Ambiguous communication stands in the way of Maersk reaching the top, the think tank explains to ShippingWatch.

Danske Bank makes commitment to CO2 neutral loan portfolio by 2050

By 2050 at the latest, Danske Bank's loan portfolio must be fully CO2 neutral. The bank, which provides loans to shipping as well as the oil and gas sector and also supports the Poseidon Principles, isn't ready yet to set out short-term intermediate targets on the road towards CO2 neutrality.

Further reading

Related articles

Trial banner

Latest news

See all jobs