ShippingWatch

Norden earns USD 22 million on its tanker business in second quarter

Shipping company Norden delivers an adjusted profit of USD 29 million in the second quarter of the year, compared to a deficit in the same quarter last year. The tanker business in particular drove the improvement with a profit of USD 22 million.

Photo: PR / Norden

Norden finished the second quarter with a profit of USD 29 million.

This is a significant improvement from a deficit of USD 8.4 million in the same quarter 2019, shows the company's interim report Wednesday.

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