Nordic Bulk Carriers lost USD 5.2 million and its equity
Danish Nordic Bulk Carriers, which specializes in sailing in icy waters through the North-West and North-East Passages, suffered a deficit of USD 5.2 million in 2014, which is more than double the deficit in the previous year of USD 2.1 million. Exiting the year, the company had lost its equity, but the ownership circle, led by US-based main shareholder Phoenix Bulk Carries, has promised to support the company.
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