Norden is open to locking in additional time charter coverage for its tanker fleet as the shipping market heads towards a “special period".

Copenhagen-listed Norden secured new long-term deals on four product tankers in the second quarter at rates of between $17,000 and $19,000 per day.

At the same time the shipowner’s positive tanker outlook was sufficient to hold its full-year forecasts in place despite reduced expectations from its Dry Operator business.