Norden to exit larger bulker trades

Norden to exit larger bulker trades

Denmark’s Norden is looking to offload its larger bulker carriers and focus on handies and panamaxes. In an interview with Reuters, Jan Rindbo, who took over the running of the company in April, said he was looking to exit the capesize and post-panamax sectors. Norden has three capes and eight post-panamaxes in its fleet of approximately 250 vessels.

“We aim to be stronger in areas where we already hold a solid position,” Rindbo, who used to be COO at Hong Kong’s Pacific Basin, told the newswire.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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