Special capital gain puts Nordic Shipholding back in black

With a new owner and fresh equity, stock-listed Nordic Shipholding received a much-needed breath of fresh air in late 2013. The company expects to break even in 2014.

BY OLE ANDERSEN

A special capital gain of USD 28.6 million related to the restructuring of Nordic Shipholding ensured the company a positive result on the bottom line, of USD 19.4 million in 2013. The group noted a USD 9.1 million deficit before including the special capital gain, according to the annual report of Nordic Shipholding, which owns six ships placed under Thome Ship Management and Columbia Shipmanagement.

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Nordic Shipholding completes restructuring
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Thome to manage Nordic Shipholding's ships
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