Oct 31, 2024 / 02:00PM GMT
Operator
Hello and welcome to the Norden Q3 analyst and investor conference call. My name is Elliot and I'll be coordinating your call today.
(Operator Instructions) and I'd like to hand over to Jan Rindbo, Chief Executive Officer. Please go ahead.
Jan Rindbo - Dampskibsselskabet Norden A/S-Chief Executive Officer - Member of the Executive Management
Thank you very much and also a warm welcome to this conference call from my side. Let me start by sharing the business highlights here for the third quarter of 2024.
So during the quarter, we were operating in market conditions that were weaker than expected for both the dry cargo and tankers. However, in the freight services and trading unit, we did see improving margins in the dry cargo activities but that improvement was offset by weak, weaker tanker spot rates.
We continue to trade our assets actively. And during the quarter, Norden entered into agreements to sell five vessels at an expected future gains of $25 million. Two of the vessels sold were
Q3 2024 Dampskibsselskabet Norden A/S Earnings Call Transcript
Oct 31, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers