While the Atlantic is generally a good place to haveships the situation in the region is challenging for the Danish owner rightnow, chairman Mogens Hugo told investors in his annual address on Wednesday.

“There is thus an imbalance between what we can get forsailing and what it costs to charter a vessel,” he explained.

“We expect this imbalance to even out in the course of theyear, and this will fit in with more and more of our coverage running out thusputting us in a position to take advantage of an improving market.”

Ejner