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.
BY OLE ANDERSEN

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:

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