Tanker

Nordic Shipholding set to turn the key, as merger plan founders

Negotiations regarding a merger of Nordic Shipholding and another partner have crumbled. As a result, the small product tanker carrier will divest its remaining three vessels and turn the key, the company informs.
Knud Pontoppidan, bestyrelsesformand i Nordic Shipholding | Photo: PR / Nordic Shipholding
Knud Pontoppidan, bestyrelsesformand i Nordic Shipholding | Photo: PR / Nordic Shipholding
BY RITZAU FINANS AND SHIPPINGWATCH

Nordic Shipholding is about to shut down after discussions with potential merger partners and its creditors surrounding the company's long-term viability have foundered.

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