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Norden lands first-quarter profit of USD 117m

Tanker and dry bulk operator Norden saw significant progress in Q1 and maintains its recently upgraded expectations.

Photo: Lars Krabbe/Jyllands-Posten/Ritzau Scanpix

The Danish tanker and dry bulk company has seen marked progress in the first quarter compared to the same period last year.

In Q1, Norden saw a profit of USD 117.1m against a deficit of USD 14.9m in the same quarter last year, in which low demand and a high number of ships prompted a historically weak quarter for the tanker market, although this time of the year is usually a high season for the transportation of oil products.

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