Norden hit with USD 285 million deficit in 2015

The major Danish dry bulk and tanker carrier DS Norden finished 2015 with a deficit of USD 285 million after a full-year deficit of USD 416 million in 2014. "2015 was yet another horror year in dry cargo," says CEO Jan Rindbo.

"A historically miserable dry cargo market has had a very clear impact on the results for the year."

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