The debt-ridden Danish product tanker owner, which was spun-off from Nordic Tankers last year, is still celebrating a debt-for equity swap with creditors and a new investor.
Today Nordic revealed it has chopped its third quarter deficit by more than two thirds to $1.2m from a $3.7m net loss during the same period of last year.
Earnings before income tax, depreciation and amortisation (ebitda) jumped by $2m to $2.2m
