Norden stands to benefit from capesize rates

The prospects of an additional 200 million tons of iron ore in the market within the next 6-9 months as announced by the major mining companies are good news to D/S Norden, which has a series of large dry bulk carriers opening up for new contracts in the 4th quarter 2013, according to Nicolai Bro Jöhncke, Head of Corporate Communications at Norden, in a comment relating to the positive trend that has recently characterized the major capesize ships of 170,000 - 180,000 dwt.
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