Jan Rindbo: Dry bulk rates must rise to ensure profit

They have seen the highest dry bulk rates in four years but it is still not enough, Norden CEO Jan Rindbo tells ShippingWatch. The carrier's bright spot came in the form of the struggling tanker segment.

Photo: Norden

Although bulk rates are at the highest level in four years, the growth is still not sufficient to make Norden's bulk business profitable.

"The gradual improvement we've seen over the past few quarters is continuing and this applies both to the markets and to earnings at Norden, but it's not yet enough to make things profitable," CEO Jan Rindbo tells ShippingWatch.

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