Norvic Shipping sees Indian lockdown as a source of uncertainty despite strong dry bulk market

Canadian Norvic Shipping, headquartered in Denmark, has seen an "amazing start to the year" for dry bulk, says COO Michael Fenger to ShippingWatch. But the Covid-19 crisis continues to be a source of uncertainty, most recently in the form of India's lockdown.

Michael Fenger, COO at Norvic Shipping | Photo: Norvic Shipping

The dry bulk market achieved record rates in the first months of the year, and this was felt at Canada's Norvic Shipping, headquartered in Copenhagen, Denmark.

In particular, investments in infrastructure and restarting society in the wake of the Covid-19 pandemic have kick-started imports and exports of essential dry bulk products such as coal, steel and fertilizers.

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