
Norden suffered a USD 12 million deficit in the third quarter 2016, and the dry bulk and tanker carrier maintains its guidance of a combined full-year deficit in the range of USD 20 to 60 million.
"Overall, the third quarter developed as expected and finishes, despite our efforts, with an unsatisfactory result as a consequence of market developments," says CEO Jan Rindbo in a comment on the carrier's third quarter results, published Wednesday:
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