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Trust in Norden remains intact despite dry bulk collapse

This week Danish carrier D/S Norden will release its 2014 annual report in a historically weak dry bulk market, but many analysts still have a positive view of the carrier and hold 'buy' recommendations on the share.

Norden's fourth quarter report will probably not be worth writing home about. The numbers will likely be proof of a historically weak period in the dry bulk market, which is the carrier's most prominent area of business.

The Baltic Dry Index which covers rates in dry bulk - freight of commodities such as coal, iron ore and corn - have in February hit the lowest levels in the history of the index, which notedly dates back to the 1980s.

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