Announcement No. 9, 2014

Nov 13 2014

Interim financial report – third quarter 2014

Challenging market
“The Q3 market turned out to be more challenging than expected – not only for dry bulk but also for the smaller gas carriers. Revisions in the outlook for the global economy mean that the cautious optimism we have previously expressed for the markets beyond Q3 will have to be tempered. Our earnings forecasts for the rest of 2014 have as a consequence hereof been revised downwards. We anticipate a 2015 with challenges similar to those experienced in 2014”, says Jan Kastrup-Nielsen, President and CEO.

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