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Bank: More pressure on Norden's cash position than feared

Norden's tanker segment has till now managed to offset the pains of the horrible bulk market for the carrier. But with the weak product tanker rates, pressure on Norden's liquidity could be worse than feared, projects investment bank Carnegie.

In recent interim reports from Norden, the tanker market has supported the carrier and offset some of the losses from the dry bulk slump.

But the tanker market is far from its former strength, and this development will likely be reflected ib the carrier's upcoming second quarterly report, notes investment bank Carnegie in a comment:

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