The loss making Danish product tanker owner was saved by adebt-for equity swap with creditors and a new investor in a deal that saw PhilipClausius take the helm on 2 January.
As a result of a one off gain from the restructuring, Nordicbooked a net profit of $19.4m in the 12 months to 31 December compared to a $55mloss for the previous year.
However
