Carriers

Norden CEO on Iran: A higher oil price is already factored into the market

A high oil price continues to affect the tanker market negatively, and Norden's tanker business booked deficits for the last two quarters. But CEO Jan Rindbo is not concerned about a future oil blockade against Iran and Iraq which could send prices up.
Photo: /ritzau/Lars Krabbe
Photo: /ritzau/Lars Krabbe
by TRINE VESTERGAARD

US sanctions against Iran and the announced oil blockade which Iran and Iraq have responded with will not harm Norden's tanker business further, CEO Jan Rindbo tells ShippingWatch in relation to the third quarter report published Wednesday.

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