ShippingWatch

Danish shipping shares a poor investment in 2014

In the first six months of the year, investors would have done good to steer clear of the major Danish shipping shares listed on the Copenhagen stock exchange. Norden delivers the biggest disappointment.

H1 2014 was quite a disappointment for investors who had posted money in the shipping company Norden, which has otherwise proved a fairly safe investment on the Nasdaq OMX Nordic in Copenhagen.

The usually steady-sailing company experienced an “Atlantic nightmare” that saw ships positioned wrong, which led to a surprising deficit in the major dry cargo company in the first quarter of the year, a number of analysts tell ShippingWatch.

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