Norden: We are doing better than many of our peers
In spite of Norden booking its second huge impairment in just two years, there are competitors in the market faring much worse. "The key thing is that we have the strength to withstand this," CFO Martin Badsted tells ShippingWatch.
BY JOHANNES HARTKOPF-MIKKELSEN
Spot rates have plummeted to the same level as the costs, so this must be rock bottom, noted Norden CEO Jan Rindbo in relation to the carrier's third quarter interim report, published on November 11th 2015.
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