Norden is set to kick-start its sale-and-purchase (S&P) activity next year as it looks to boost its financial performance in the poor dry cargo market.

The Danish owner has been relatively inactive this year, having kept a lid on spending after a busy 2013 in which it built up its newbuilding orderbook.

Executive vice-president Martin Badsted told TradeWinds: “In 2015, we still expect a fairly challenging dry bulk market.

“We