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Norden invests in five new eco-design ships

A continued focus on investments in light of improving markets in the years to come has expanded Norden's combined orderbook to a total of 29 ships.

D/S Norden finished the 3rd quarter 2013 with an operating profit (EBITDA) of USD 19 million, compared to USD 23 million in the same period 2012. Expectations for 2013 increased to a USD 25-45 million result for the year as a whole. The carrier is investing in five additional eco-design ships, which puts its total orderbook at 29 ships.

Significant rate increases in dry bulk indicate that there is a better balance in the market than previously assumed - and this was the best 3Q spot market in tank since 2008, says Norden in its interim report, published Wednesday.

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