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Norden upgrades guidance – dry bulk business is a driver

Shipping company Norden increases its 2020 guidance and plans to land a profit between USD 70 and 110 million. The increase is largely driven by strong developments in the company's operator business within dry bulk.

Photo: Lars Krabbe/ERH

Norden's dry bulk operator business has improved significantly, so much in fact that the shipping company now raises its total 2020 guidance.

As a result, Norden now expects to land a profit – reported as adjusted result – in the range of USD 70 and 110 million, while the previous estimate was between USD 40 and 80 million.

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