USD 80 million sits between Norden's best and worst scenarios for 2021

Norden's recent upgrade emphasizes the uncertainty in the hot dry bulk market. "When the market heightens, the potential fall also deepens," says Jan Rindbo to ShippingWatch. The interpretation is backed by an analyst and Lauritzen Bulkers.

Photo: Lars Krabbe/Jyllands-Posten/Ritzau Scanpix

The unpredictability of the current dry bulk market is currently so drastic that it amounts to USD 80 million.

This became clear with the upgrade in Norden's quarterly report released Wednesday. For even though the top of the range was lifted by an additional USD 20 million, the bottom remains at USD 140 million as announced in June.

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