Interim report – second quarter and first half-year of 2018: NORDEN Update

Second quarter of 2018 Adjusted Result* for Q2 2018: USD 4 million (Q2 2017: USD -3 million) • Dry Operator: USD 8 million • Dry Owner: USD 3 million • Tankers: USD -8 million (USD 3 million) EBIT Q2 2018: USD 8 million (USD -3 million) * ”Profit/loss for the period” adjusted for “Profit from
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Danish shipping company Dampskibsselskabet Norden A/S has unveiled its intentions to install scrubbers on up to 31 vessels from its owned and chartered fleet. Namely, the company informed that during 2018 it secured installation of 26 scrubbers with options for 5 more. Of these, 2 scrubbers will be installed on newbuildings, 16 retrofitted on selected, owned vessels,
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Due to a very weak tanker spot market, NORDEN lowers its expectations for the Adjusted Result for the year to USD 0 to 30 million, down from USD 10 to 50 million. Dry Operator With an Adjusted Result of USD 8 million in the second quarter, the performance of Dry Operator has exceeded expectations, and
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