For the second quarter of 2022, NORDEN reports a profit of USD 179 million (Q2 2021: USD 32 million).
NORDEN CEO, Jan Rindbo, comments:
“Fantastic second quarter result based on a significant shift in market exposure from dry cargo to product tankers. This has enabled NORDEN to capitalise on the exceptional product tanker rates, while also generating value in a weakening dry cargo market from an extensive cargo and cover portfolio. This highlights our trading ability and proactive risk management, which enables us to create value in both rising and falling markets”.
Interim report - second quarter 2022
