ShippingWatch

Norden surprised by "more robust" dry bulk market

A "more robust" dry bulk market than expected makes it difficult for Norden to predict said market, CEO Jan Rindbo tells ShippingWatch. On this account, the shipping line booked a disappointing deficit and downgraded its Dry Operator business in the second quarter.

Photo: PR/Norden

The dry bulk market turned out different in the second quarter than Norden had anticipated.

This yielded a surprising deficit and a downgrade of the shipping company's big endeavor, its Dry Operator business. This unit had entered the quarter in a so-called short position, with more cargoes at hand than ships.

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