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New Norden CEO: Bulk will become interesting again

The plan is to stay in the dry bulk market in spite of the current massive downturn, says Norden's newly appointed CEO Jan Rindbo in an interview in Norden's corporate news magazine.

One might think that it would be easier for Norden to slowly withdraw from big parts of the carrier's dry bulk business, thus letting tanker take over as the dominant business at the company, which has - like its competitors - taken several severe beatings from its significant exposure to the dry bulk market.

But that will not happen, says Norden's new CEO, Jan Rindbo, in an interview with the carrier's corporate news magazine. This is his first interview after joining the carrier as CEO on May 1st, coming directly from his job as COO of listed Hong Kong carrier Pacific Basin.

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Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

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