NORDEN raises expectations for the full-year result 2021


Following increases in dry cargo market rates and strong performance in the Dry Operator business unit, NORDEN raises its expectations for the full-year 2021 Adjusted Result to USD 140-200 million (approximately DKK 870-1,250 million), up from USD 110-160 million. The new guidance is based on continued increases in forward freight rates for Q3 and Q4 in the dry cargo market, which for Supramax and Panamax vessels have increased by about USD 10,000 per day since end of May, and by about USD 2,750 per day in just the last week.

Announcement no. 71