NORDEN writes down the value of its dry cargo fleet and makes provision with no cash flow effect of USD 340 million.

20/01/2016

NORDEN writes down the carrying amount of owned dry cargo vessels by USD 180 million and at the same time makes a provision of USD 160 million for losses on long-term chartered dry cargo vessels. The total of USD 340 million will be included in the annual results for 2015.

 

Announcement no. 2