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Nordic Shipholding races against time to settle debt agreement

Tanker shipping company Nordic Shipholding has been trying to land a debt agreement with its banks for months. So far without a result. Debt now stands at USD 76 million, due at the turn of the year.

Photo: PR / Nordic Shipholding
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Stock exchange-listed tanker carrier Nordic Shipholding is under increasing pressure to solve its debt situation.

Nordic Shipholding currently has debt totaling DKK 475 million (USD 76 million), due at the turn of the year, but despite month-long negotiations with the company's banks, it has yet to secure a new long-term debt agreement.

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