Oil price war increases Nordic Shipholding's bottom line seven-fold

Tanker ship operator Nordic Shipholding profited from the price pressure on oil, which boosted rates for the company's ships in the first quarter and made earnings soar.

BY RITZAU FINANS

The significant pressure on the oil price has been good for tanker operator Nordic Shipholdng, as a huge increase in daily rates improved the bottom line considerably in the first quarter.

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Nordic Shipholding is negotiating a potential merger with tanker company
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Nordic Shipholding raises top and bottom lines
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