Denmark's Nordic Shipholding has revealed a $6m loss in the first six months as it prepares to wind the company down.
The Nasdaq OMX-listed owner of three product tankers has put the fleet up for sale after talks about a merger to secure its long-term future hit a brick wall in recent days.
The company admitted it had performed "poorly" in the first half as time charter equivalent (TCE) rates were largely depressed due to low tonnage demand caused by the Covid-19 pandemic in an oversupplied...
