After first investing in Herning Shipping and later in Nordic Tankers back in 2012, there has been an onslaught of annual deficits and needed capital injections from the owner – North European investment fund Triton. Nordic Tankers did not achieve a black bottom line until it booked a slight profit in 2015.
The overall investment horizon of five to seven years is nearing an end, meaning that Triton's venture onto the chemical tanker market thus far has proven to be a challenging foray into shipping, only barely fulfilling the equity fund's legitimate desire to have a profitable investment.
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