ShippingWatch

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.

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