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Norden's results hinge on tanker division

Norden's tanker division is expected to turn a profit, while the dry bulk business is expected to remain in the red when the company publishes its third quarter interim report on Wednesday. The results thus largely hinge on whether the tanker division can meet expectations.

The product tanker division at carrier Norden are expected to be profitable, while the dry bulk division is expected to bring to suffer another deficit when the carrier publishes its third quarter interim report on Wednesday morning CET. The results thus hinge on whether Norden's tanker business can live up to expectations.

"We all know that the dry bulk sector has been weak and has become even weaker during the third quarter. So the primary focus will lie elsewhere," Nordea analyst Stig Frederiksen tells Ritzau Finans.

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