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Nordic Shipholding chairman: The game is not up for Nordic Shipholding

Knud Pontoppidan, chairman of Nordic Shipholding, sees great opportunities for a new investor for the company and its six product tankers, even though on paper, the company is bankrupt.

Though the company’s equity capital is lost and now in the red with 37 million USD on account of a massive writing down of the same order of magnitude as the company’s six ships, the game is not up for Nordic Shipholding, insists chairman Knud Pontoppidan.

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