An impairment tipped Nordic Shipholding into the red in 2017 and the Danish owner expects to post a modest loss for 2018.
Copenhagen-listed Nordic, however, remains on the lookout for consolidation and growth opportunities.
A charge of $5.1m on its handysize product tankers pulled its bottom line to a $3.6m loss, in line with previous guidance.
A drydocking in June and the company’s LR1 rolling off a profitable three-year time charter in the final months of 2017 also contributed to the loss.
