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Norden cuts tanker exposure in favor of dry bulk, CEO says
Norden CEO Jan Rindbo says fragmented shipping markets require flexibility, and the Danish group is reducing tanker exposure because dry bulk offers a more attractive balance of risk and reward.
Jan Rindbo, chief executive of Denmark's Norden, says today's fragmented shipping markets demand flexibility. According to the supplied report, the company is reducing its tanker exposure as dry bulk offers a more attractive balance of risk and reward.
The material describes shipping markets as moving through very different stages of the cycle. Rindbo says this divergence is increasingly shaping where the Danish shipping group allocates capital.
The report frames the move as a capital shift from tankers to dry cargo. No specific figures, timelines or transactions were provided in the source material.
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