Norden expects significantly lower result in 2021 after record year

Norden expects to land a lower result for 2021 than the one booked for the recently finished year. The adjusted annual result is expected to land between USD 20 and 60 million, while that post came to USD 105.7 million in 2020.

Photo: Lars Krabbe/ERH

Shipping company Norden expects to earn less money in 2021 than it did in the just-finished 2020, which was highly characterized by the coronavirus pandemic.

In the company's just published annual report, Norden says it expects the adjusted result for 2021 to land between USD 20 and 60 million, which is quite a bit below the USD 105.7 million achieved in 2020. In comparison, however, that post only came to USD 23 million in 2019.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

Further reading

Related articles

Latest news

See all jobs