As mentioned in Company Announcement 7/2020 following a strong product tanker market in 1H 2020, the market softened significantly going into 2H 2020. This impacted earnings but even more so, the build-up of products in storage, the declining demand and the continued uncertainty in relation to the COVID-19 pandemic, resulted in a very soft second-hand …
The post Nordic Shipholding Now Expects Losses Between -7 Million, Revised From a Profit of .5 – 5 Million first appeared on Hellenic Shipping News Worldwide.