Q1 2022: NORDEN with strong start to the year 111/2022


For the first quarter of 2022, NORDEN reports a profit of USD 117 million (Q1 2021: USD -15 million). 

NORDEN CEO, Jan Rindbo, comments:

“Great Q1 result based on strong performances in both business units as we continue to capture value in the dry cargo market through vessel sales, profitable cover and by utilising regional market volatility. By shifting our market exposure from dry cargo to tankers, combined with excellent vessel positioning towards a much-improved tanker market in recent weeks, NORDEN expects a full-year result between USD 270-350 million”.

Announcement no. 111

Interim report - first quarter 2022