Announcement No. 8, 2014
Interim financial report for the first half of 2014
EBITDA in line with expectations
“Total EBITDA for first half of 2014 was USD 74.8m. The improvement of USD 49.3m on the first half of 2013 is mainly a result of slightly better dry cargo trading conditions and an earlier reported sale of a claim. The dry bulk sector is still going through a difficult period. We expect a move towards a more balanced market as the second half of the year progresses but are cautious in our optimism", says Jan Kastrup-Nielsen, President and CEO.