Copenhagen will be launch pad for fund's fleet growth

The new primary shareholder of Nordic Shipholding, Asian PAG, plans to use Copenhagen as a launching pad in its pursuit of new ships to expand the product tank fleet.

The new Asian primary shareholder in Nordic Shipholding, private equity fund PAG, plans to use its newly acquired stock-listed platform in Copenhagen as a launching pad for growing the carrier's product tank fleet, Nordic Shipholding Chairman Knud Pontoppidan tells ShippingWatch. Like Clipper Group CEO Kristian Mørch, he was encouraged to remain on the Board of Directors even though Nordic Shipholding has gotten a new owner and its ships are transferred to a new, fully owned subsidiary in Singapore.

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