Just two hours before TradeWinds met with Norden chief executive Jan Rindbo in Copenhagen, the company announced the sale of four dry cargo ships. The transaction took the outfit’s owned bulker fleet down to 16.5 vessels under its asset-light approach, which is now also spilling into its product tanker business.

Rindbo says the latest sales have helped take the business into a more “tradeable position”, where it can adjust to shifts in the market.