Nordic Shipholding has lowered its full-year guidance in the face of a weaker tanker market and increased spot exposure after the return of a vessel from time-charter.

It is charting for a pre-tax loss of $2.5m to $4.5m in 2017, down from the $1.5m to $3.5m loss previously projected.

It came as Nordic Shipholding reported a bottom line loss of $ 2.2m