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


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