Klaus Nyborg: Norden has been too optimistic

Norden's downgrade on Wednesday is the result of an extremely low dry bulk market. There was too much optimism at the beginning of the year to predict that the market could behave so poorly, interim CEO Klaus Nyborg tells ShippingWatch.

BY LOUISE VOGDRUP-SCHMIDT

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.

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