NORDEN, one of the leading companies in the maritime transport industry, has increased its net profit forecast for 2026 from $190 million to $230 million. This decision is based on strong operational performance and higher rates in the tanker and dry bulk sectors.
Strong Performance and Higher Rates
NORDEN stated in a press release that it has not changed its sales forecast of $79 million, given its strong performance in both the dry bulk and tanker segments. These successes have been achieved due to the precise execution of strategies, successful positioning in regional markets, and higher market rates.
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Expectations for Year-End
NORDEN's CEO, Jan Rindbo, stated that given the company's strong performance, this increase in revenue forecasts is encouraging. He added that higher rates, especially in the tanker sector, and the precise implementation of plans are the main reasons for this forecast increase. NORDEN expects to realize more profits by the end of the year, with a significant portion of the expected profits materializing during this period.
NORDEN has also announced that it will publish its third-quarter interim report for 2026 on October 29, 2026. This report may provide more details about the company's financial and operational performance.
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