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Plan for Norden's new division changed markedly in eight weeks

When the war broke out in Ukraine, Norden made a significant change to its exposure within tanker and dry bulk, which have been combined under a new unit. ”This shift has been extremely important,” says COO Christian Vinther Christensen in an interview with ShippingWatch.

"This shift has been extremely important for our earnings," says COO of Norden, Christian Vinther Christensen, about moving the exposure to tanker. | Photo: NORDEN

It was far from an easy time after Norden at the beginning of the year put its dry bulk and tanker business together as part of a large reorganization of the carrier’s structure.

Suddenly, the war in Ukraine broke out, which made rates on the tanker market soar – rapidly indeed – after a terrible year.

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