Norden merges dry bulk and tanker in new structure

Dry bulk and product tanker carrier Norden alters its structure by reducing three units to two. Among the separate businesses are Dry Operator and Tanker Operator, which are being merged.

Photo: PR / Norden

Norden, which this year has benefited from a highly positive dry bulk market and is headed for a total profit of up to USD 200 million, is tightening up its organization.

The shipping company's three business units – Dry Operator, Tanker Operator and Asset Management – will be reduced to only two units: Assets & Logistics and Freight Services & Trading.

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