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Bulk

Norden: We're hit by ten-year low on the Atlantic

Dry bulk rates on the Atlantic took a deep dive in the first quarter of the year. This development has hit Norden, but things will get better, says the carrier's Chairman.
BY LOUISE VOGDRUP-SCHMIDT

The rate drop on the Atlantic came as a headache for Norden in the first quarter of the year. The carrier feels the crisis in the dry bulk market that analysts have pointed to repeatedly, and which Copenship, Ultrabulk, Western Bulk, and others have stated is draining for the business.

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