Danish shipowner Norden has made its second big upwards revision of its profit forecast in a month, as bulker markets boom.

The full-year 2021 estimate now stands at between $140m and $200m, compared with a prediction of $110m to $160m at the start of June.

The bulker and tanker owner said the change had been made "following increases in dry cargo market rates and strong performance in the dry operator business unit".