Nordic Shipholding lost USD 1.1 million before taxes in the 1st quarter of the year, compared to a larger deficit of USD 2.5 million before taxes in the same period last year, according to the company's interim report, published Wednesday.
Nordic Shipholding attributes this development to reduced interest costs, at USD 1.3 million, as well as missing income from Nordic Ruth, when the ship was repaired in the 1st quarter 2013, thus being off-hire. This combined with an improved profit, as TC profits increased by 27.9 percent, to USD 7.3 million (USD 5.7 million) in the first quarter 2014.
Already a subscriber? Log in.
Read the whole article
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.