ShippingWatch

Analysts: Norden exceeds dry bulk expectations

Analysts feel positive after Norden's interim report for the second quarter released Wednesday. Earnings from the carrier's dry bulk fleet were surprising, they note.

The interim report released Wednesday for the second quarter from Norden has been well received by analysts. Especially earnings from the carrier's dry bulk fleet surprised both Fearnley Securities and Clarksons Platou, according to statements from the two analyst agencies.

"DS Norden beat 2Q15 estimates due to surprisingly strong dry bulk earnings despite the very weak spot market, a result we would tie to the (COA) operating model," writes Clarksons Platou.

Read the whole article

Get 14 days free access.

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

Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

Further reading

Related articles

Latest news

See all jobs