Norden: The strength of our strategy has now emerged
Norden's strategy to rely on two pillars, dry bulk and tanker, is currently showing its strength as the historically weak dry bulk market maintains its clutch on the industry, says Martin Badsted, Executive Vice President to ShippingWatch.
BY KATRINE GRØNVALD RAUN
It has been a while since the financial reports have brought good news from a carrier in dry bulk. But in the first quarter of the year, carrier Norden can actually present improvements unlike many other players in the sector. However, this is not a sign of recovery in the dry bulk market. Far from it. It is actually more a sign of the fact that the carrier's strategy is paying off right now, as the product tanker market has definitely taken off.
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