Pontoppidan: Nordic Shipholding's growth plan intact

A surprisingly poor product tanker market for 2014 as a whole, combined with various other ownership conditions at Nordic Shipholding, have not changed the carrier's plans, says Chairman Knud Pontoppidan.

A weak product tanker market for 2014 as whole does not change the strategy for Nordic Shipholding, Chairman Knud Pontoppidan tells ShippingWatch. The conditions have also impacted the profit from the carrier's six current ships, but the board as well as the owner - Asian private equity fund PAG - are firmly set on the plans for the carrier:

"We have no desire to stop here. We need to keep going, to expand this business, and we're looking at ways to grow into something more valuable to our shareholders," says Knud Pontoppidan, Chairman of Nordic Shipholding, which published its 2nd quarter interim report on Wednesday:

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