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.

Already a subscriber? Log in.

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.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs