ShippingWatch

Norden hit by surprisingly low Chinese coal import

A significant decline in the Chinese coal import hit Norden in the 3rd quarter, Executive Vice President Martin Badsted tells ShippingWatch. 2015 already looks set to become a difficult year, according to the carrier.

The Chinese dry bulk market hit carrier Norden hard in the 3rd quarter, where the country's coal imports were 22 percent lower than in the same period last year, Martin Badsted, Executive Vice President, Norden, tells ShippingWatch after the carrier suffered an operating deficit of USD 11 million in the just-finished quarter.

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