ShippingWatch

Nordic Shipholding upgrades forecast

Denmark's Nordic Shipholding increases its full-year 2015 guidance after the second quarter.

Tanker carrier Nordic Shipholding upgrades its expectations for the full year 2015 to an EBITDA of USD 15-18 million and a pre-tax result of USD 5-8 million. The company's cash flow is expected to be USD 9-12 million after repaying USD 4 million on ordinary loans in 2015, according to the carrier's second quarter interim report, published Wednesday.

The carrier previously projected an EBITDA of USD 13-16 million and a pre-tax result of USD 3-6 million. Nordic Shipholding's cash flow was projected to land at USD 5-8 million after paying the USD 4 million in ordinary loans in 2015.

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