Dampskibsselskabet Norden A/S (DPBSF) Q2 2026 Earnings Call Transcript

Dampskibsselskabet Norden A/S (DPBSF) Q2 2026 Earnings Call August 13, 2026 4:30 AM EDT Company Participants Jan Rindbo - Chief Executive Officer Martin Badsted - Chief Financial Officer Presentation Operator Good morning, and welcome everyone to this webcast with the presentation of the Q2 2026 report from NORDEN that was published this morning. [Operator Instructions] With that, I'll hand over to CEO, Jan Rindbo; and CFO, Martin Badsted from NORDEN. Please go ahead. Jan Rindbo Chief Executive Officer Thank you very much. And from my side also, welcome to our Q2 presentation. I think this quarter is probably one of the most sort of complicated in terms of operations, but it's also one of our better quarters in terms of the financial performance. So we'll dive obviously into that a little bit later. I'd like to just start by setting the scene, just giving you a short introduction to NORDEN. As you know, our purpose is to enable smarter global trade. We transport all the essential raw materials that you use in energy, construction, manufacturing -- and manufacturing. And all these commodities underpin the modern living that we all know. NORDEN is one of the world's largest carriers. We operate a fleet now just under actually 500 vessels, and we transport around 130 million tonnes of these essential raw materials on an annual basis. This scale gives us extensive market insight, gives us strong access to our customers, and it gives us the flexibility to optimize our fleet across all these various vessel segments that NORDEN are in and across all the regions that we operate in. So our model combines, on one hand, customer solutions with very disciplined exposure management and flexible capital deployment. And that enables us to manage the shipping cycles, but also retaining strong cyclical upside.