Norden lost USD 416 million in 2014
Norden finished 2014 with a massive USD 416 million deficit. The carrier has performed drastic measures during the collapse of the dry bulk industry.
BY KATRINE GRØNVALD RAUN
Norden suffered a net deficit of USD 416 million in 2014, a that brought an extremely low market for the dry bulk carriers, according to the company's annual report, published Wednesday morning. The net result was affected by provisions and impairments for millions of USD. The troubling market has forced the carrier to take drastic measures.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Trust in Norden remains intact despite dry bulk collapse
For subscribers
Norden changes its dry bulk organization
For subscribers
.jpg&w=384&q=75)
