Very well positioned to further capitalise on strong dry cargo market in H2
Tanker Operator: Q2 2021 USD -4 million
Adding length and optionality to position for medium-term market improvements
Effectively mitigating short-term exposure
Adjusted Result split per business unit (Q2 2021)
34
34
29
24
19
14
9
4
2
-1
-6
Asset Management
Dry Operator
-4
Tanker Operator
4 PRESENTATION OF Q2 2021
02.
BUSINESS UNIT PERFORMANCE
AND MARKET OUTLOOK
5 PRESENTATION OF Q2 2021
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Dampskibsselskabet NORDEN A/S published this content on 18 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2021 06:23:08 UTC.
Dampskibsselskabet Norden A/S is a Denmark-based shipping company engaged in the provision of global tramp shipping services. Its operations are divided into two business segments: Dry Cargo and Tankers. The Dry Cargo business segment operates Handymax and Panamax dry cargo vessels, as well as has activities in the Handysize, Post-Panamax and Capesize vessel types. The Tankers business segment operates Medium Range (MR) and Handysize product tankers. The Company has offices in Denmark, Singapore, China, India, the United States and Brazil, as well as offices at shipyards in Asia. The Company's subsidiaries are Norden Shipping singapore Pte Ltd, NORDEN Tankers & Bulkers USA Inc., NORDEN Tankers & Bulkers do Brazil Ltda. and Nortide Shipping III Ltd.