Nordic Shipholding gets more time to implement strategy

Following breaches of several bank agreements, Nordic Shipholding has reached an agreement with its lenders, says the company in its report for the third quarter, which brought yet another deficit.

Tanker shipping company Nordic Shipholding was able to reach an agreement with its lenders after it was unable to comply with the requirements of its credit covenants in October, says the company in connection with this year's third quarter interim report.

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