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.

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