Nordic Shipholding has seen first quarter numbers come in 55% down on a year ago on the back of the softer product tanker market.
The private equity-backed shipowner reported net profit of $1.48m against the $2.6m seen twelve months earlier, figures released Wednesday show.
Nordic Shipholding reported a year-on-year decline in revenue of 7% to $8.5m, while vessel operating costs jumped almost 13% to $3.8m.
“The
