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Norvic considers raising new capital

It is not unlikely that dry bulk operator Norvic Shipping will raise fresh capital within the near future. This would be spent on landing longer-term loading contracts with terms of up to ten years, CEO Peter Borup tells ShippingWatch.

Photo: PR / HMM

Dry bulk operator Norvic Shipping sees big opportunities in landing loading contracts spanning years to supplement its existing business.

Although Norvic is presently a pure-play operator that typically works with short-term loading and charter contracts for ships in the bulk market, Chief Executive Peter Borup sees potential in the fact that Norvic will enter longer-term contracts spanning five to ten years in the future.

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