Considering that Norden's chairman of the board, Mogens Hugo (photo left), has secured shareholders dividends of almost USD 720.8 million over 20 years while at the same time making sure that the carrier's reserves were well-padded, there is probably no doubt that he will receive nice rounds of applause when he formally steps down on Thursday, May 23rd.
Already a subscriber? Log in.
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.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Analyst cautions against easy approach to new climate law: "One should be careful"
CII: Siglar Carbon warns that the new CII regulation is more difficult to comply with than many carriers think. 35 percent of the world fleet risk being unable to meet demands.
Saverys close to preventing full merger after increase of Euronav stake
Belgian shipping family Saverys acquires additional shares in Euronav and now only needs a small increase of its equity position to block a full merger between the tanker operator and rivaling company Frontline.
CMA CGM to acquire two flagship terminals at strategic US gateway
French CMA CGM buys two container terminals in New York port area from Global Container Terminals worth upwards of USD 3bn.
Bimco points out when container upswing came to an end
The historic heydays are over for container carriers, which now face a difficult 2023. According to Bimco, the market turned in early autumn.
Ever Forward pilot wrote messages and emails on his phone right up until grounding
A pilot on stranded vessel Ever Forward was using his cell phone during the time leading up to the accident, according to US Coast Guard investigation.
Information Management Specialist for the Offshore Wind Industry 
Assistant Controller 
Head of Sales and Marketing 
Head of Fuel Concepts 
Consultant to the maritime industry 
Claims Executive - Skuld Copenhagen