Norden Raises Expectations for 2017

Norden

Dampskibsselskabet Norden A/S has raised its expectations for the adjusted results for 2017 to USD 20 to 35 million.

The company said that the move was made on the back of an improvement in earnings as a result of a stronger than expected performance in the fourth quarter of 2017 in both the dry cargo business, including the dry operator, and the tanker business.

The anticipated result is an increase from the previous expectations of USD -10 to 30 million.

Norden earlier informed that the company “is well positioned to benefit from the recent significant improvements in the dry cargo market.” Norden will publish its annual report for 2017 on March 6, 2018.

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