Supply Chain Research

Tanker and bulker operator D/S Norden reported first quarter revenues that jumped 49% on a year earlier and beat analysts’ estimates by 39%. That was the result of achieved revenues per day beating the company’s bulk freight benchmark by 22%. The company likely captured more than its fair share of the spike in Baltic Dry rates that occurred during the quarter. This was a remarkable performance compared to the three tanker operators to report so far, which all missed analysts’ forecasts. Despite D/S Norden’s result, the tanker / bulker sector still likely saw its worst revenue performance...