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Nordic Shipholding lowers expectations for 2018

Nordic Shipholding downgrades its full-year guidance and now expects a double-digit deficit in dollars. Management also warns of a risk of breached loan covenants.
by KATRINE GRØNVALD RAUN

2018 will be worse than expected for Nordic Shipholding, as the company now downgrades its guidance for the year to an EBITDA of USD 1.5 to 4.5 million and a deficit before taxes of USD 18 to 15 million, shows the company's interim report.

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