If Norden's fleet consisted solely of dry bulk vessels there would likely be a lot less to smile about at the carrier's headquarters just north of downtown Copenhagen. But with the company's fleet of product tankers, Norden is also benefiting from the market upturn that has tanker players cashing in big-time across the board, both at carriers with supertankers as well as players operating smaller vessels.
In a new review of the carrier ahead of next week's second quarter interim report, the bank estimates that Norden's product tanker segment is performing so well that the carrier's newly appointed CEO, Jan Rindbo, will have to upgrade the carrier's full-year guidance for 2015.
Already a subscriber? Log in.
Read the whole article
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
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.