Norden reports mixed first quarter as Middle East weighs on bulkers
- Danish shipping group Norden reported a mixed start to 2026 as geopolitical tensions in the Middle East weighed on its dry cargo business
- But Norden’s product tanker division saw strong gains as disrupted cargo flows pushed up spot rates
Norden warns prolonged Middle East disruption could eventually weigh on tanker rates as supply adjusts and reduced oil availability dampens demand
