Norden made more money out of dry cargo than tankers during the third quarter but will begin to adapt its plans as the tanker sector strengthens and macroeconomic conditions remain volatile.

Chief executive Jan Rindbo told TradeWinds that the success is a testament to the Danish firm’s trading-focused strategy.

“Given that we have a lot of profitable dry cargo cover, and we had this short position where we had more cargo than ships, we’ve earned more money on dry cargo than tankers in the third quarter.