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Nordana struggling with a negative bottom line

Except for one year, Johan Wedell-Wedelsborg's liner and project carrier Nordana has been delivering consecutive deficits on the bottom line since 2010 - including last year, albeit a slight one.

Liner and project carrier Nordana A/S, part of Johan Wedell-Wedelsborg's Weco Group, also noted a deficit in the fiscal year 2014, albeit a modest one. With a single exception, in 2012, Nordana A/S has delivered negative bottom line results since 2010, according to the carrier's annual report for 2014.

This year the group expects a zero result for the carrier, which has several multipurpose vessels set to join its fleet. In August last year, Nordana decided to exercise and option to build an additional four multipurpose vessels in China, for a total of eight, citing trust in the markets in 2015 and 2016.

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