Dry cargo and tanker operator D/S Norden reported a 28% jump in revenues in the second quarter on a year earlier. That was 2% better than expected, repeating a pattern seen across the sector. There was a clear split in performance, with the dry cargo business jumping 70% on better-than-expected rates, while the tanker business slumped 19% despite better capacity. While management’s outlook is broadly unchanged, only 22% of the tanker business is covered for the rest of the year, indicating a potential recovery in rates. On the basis of recent reports and analysts’ expectations D/S Norden...