Danske Bank increases Norden expectations

The high dry bulk rates in the 3rd quarter continued into the 4th quarter 2013, and this is one reason why Danske Bank anticipates that D/S Norden will deliver an operating result (EBITDA) of USD 48 million on Tuesday.

Ahead of Tuesday's publication of D/S Norden's annual report 2013, Danske Bank is increasing its expectations for the carrier's operating result (EBITDA) by USD 8 million, up to USD 48 million, not including one-off gains from divested assets. Reasons include the improved dry bulk markets, says the bank.

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