One year ago things were looking fine at D/S Norden compared to the carrier's downgrade on Wednesday - Norden's second downgrade this year.
Carsten Mortensen, CEO of the carrier at the time, explained around Christmastime last year that he was willing "to risk overstating matters" following a very tough 2012 for the carrier. In fact, the carrier's CEO at the time believed that Norden would be able to leave the five tough years following the crisis behind.
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