Nordic Shipholding extends loan agreement and plans to sell two vessels

Shipping company Nordic Shipholding extends its loan agreement by a year. As part of that plan, two ships need to be sold. Additionally, the company's full-year expectations are downgraded following an impairment.

Photo: PR / Nordic Shipholding

After protracted negotiations, Nordic Shipholding now settles a loan agreement that was expected in advance.

The agreement means that the company's credit facilities are extended until end-2021. The new agreement was settled between the group's majority shareholder, management and lenders.

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