Norden lost USD 12 million in Q3

The Danish dry bulk and tanker carrier maintains its full-year guidance for a deficit of USD 20-60 million.

Photo: Norden

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:

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Reefer rates to peak in fall season, followed by slow decline

Rates on refrigerated containers, or reefers, have increased by 50% in the second quarter compared to the same period in 2021, with growth set to continue in the third quarter. 2023, however, will see rates slowly declining, forecasts consultancy Drewry.

Further reading

Related articles

Latest news

See all jobs