Norden has raised its profit guidance for 2020 by an extra $30m after seeing a boost in results for its operated bulker fleet during the second quarter.

The Danish shipowner-operator, which also has a product tanker fleet, has raised its expectations for its full-year adjusted result to $70m to $110m (DKK 445m to 700m).

This is up from the previous expected range, which was $40m to $80m.