Improvements in the tanker market will help Danish shipowner Norden to a third successive year in the black in 2019, the company predicts.

Copenhagen-listed Norden is guiding for an adjusted result of between $25m and $60m this year, ahead of the $20m reported for 2018.

Jan Rindbo, chief executive of Norden, said hitting the target would be “another step in making Norden more profitable”.