NORDEN REPORTS BEST QUARTERLY RESULT IN 10 YEARS
ANNOUNCEMENT NO. 74 - 4 NOVEMBER 2021 For the third quarter of 2021, NORDEN reports a result of USD 65 million - the best quarterly in 10 years. This is driven by excellent Dry Operator results, capitalising on significant dry cargo rate increases and high market exposure by having secured T/C capacity early in the year at much lower costs. NORDEN has actively converted increases in the market value of its portfolio to profit through vessel sales, providing sales gains of USD 13 million in Q3. Expecting a very strong Q4 result driven by a strong position in Dry Operator, and