14/08/2013at 09:30

Norden continues ambitious investment programme

Norden made an operational profit of USD four million in the second quarter 2013, more or less in line with expectations, says the company, which continues its ambitious investment programme.

BY TOMAS KRISTIANSEN

In the second quarter, Norden made an operational profit of USD four million before impairments and sales commissions. The result falls in line with expectations and puts the operational result for the first six months at USD 13 million, says the shipping company in its financial report for the second quarter 2013.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Front page now

Carriers need to diminish their pollution in the coming years. As such, they are searching for a fuel to replace regular bunker oil. | Foto: Christian Charisius/AP/Ritzau Scanpix

Regulation

Methanol could become the preferred fuel for new vessels already in 2023

Carriers preferred methanol when ordering new green vessels in 2023. The fuel could overtake LNG already this year, DNV estimates.

For subscribers

Container

Maersk chair had nothing to do with carrier divestment due to double role

For subscribers

Foto: Thomas Peter/Reuters/Ritzau Scanpix

Bulk

Bulk operators are optimistic: "All trends are positive in China right now"

For subscribers

Bulk

Peter Twiss resigns as CEO of Oldendorff

For subscribers

Faig Abbasov, Director of Shipping at NGO Transport & Environment, doesn't think it possible to reach zero emissions by 2050 without ambitious intermediary targets. | Foto: Transport & Environment

Regulation

Green lobby after US climate proposal: "Europe has buried its head in the sand "

For subscribers

Foto: Damian Dovarganes/AP/Ritzau Scanpix

Ports

West Coast dockworker labor talks strained over lunch-break spat

For subscribers

Methanol could become the preferred fuel for new vessels already in 2023

Carriers preferred methanol when ordering new green vessels in 2023. The fuel could overtake LNG already this year, DNV estimates.

For subscribers

Container

Maersk chair had nothing to do with carrier divestment due to double role

Selling Maersk Supply Service to main owner A. P. Moller Holding was probably the only option for Maersk, according to one analyst.

For subscribers

Bulk

Peter Twiss resigns as CEO of Oldendorff

After almost 28 years at one of the largest bulk carriers, Oldendorff’s CEO is resigning at his own request. The board has appointed a new CEO from within its own ranks.

For subscribers