Norden entered 2014 with coverage for 59% of its 40,709 dry cargo ship days, in line with its new strategy.
When scheduled newbuilding deliveries are factored in Norden’s spot market exposure is twice what it was at the beginning of 2013.
Carsten Mortensen, chief executive of the Danish owner, says the lower level of contract coverage is based on the more positive market outlook and what this holds in terms of opportunities and risks.
