Bulk

Norvic Shipping sees daily rates upwards of USD 40,000 for its 110 vessels

Norvic Shipping is most emphatically raking in dividends in the breakneck dry bulk market where daily rates for the operator's supramax and handysize range between USD 30,000-40,000. COO Michael Fenger is bullish in the truly long run.
Photo: Michael Fenger Norvic Shipping
Photo: Michael Fenger Norvic Shipping
by TOMAS KRISTIANSEN

With 110 dry bulkers in the supramax and handysize segments, there is a lot of work to be done at Norvic Shipping's six offices around the globe, not least as COO Michael Fenger recently relocated from the European headquarter in Copenhagen to the Dubai office.

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