ShippingWatch

Norden wants "significantly" more dry bulk vessels in its fleet

Norden's fleet of operated dry bulk vessels should become "significantly" bigger in the coming years, CEO Jan Rindbo tells ShippingWatch following yet another quarterly deficit. Rindbo declines to comment on possible impairments on tanker.

Following yet another quarter with a negative result at DS Norden, which is plagued by not just the extremely low dry bulk market but now a weak tanker market as well, the carrier's other core business.

"We are never pleased with a deficit," CEO Jan Rindbo tells ShippingWatch, adding that the carrier can console itself with the fact that Norden outperformed the market in both segments.

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