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

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.

He explains that the expectations have already impacted the oil price.

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

Related articles

Latest news


See all

See all