The long wind-up of former Danish tanker owner Nordic Shipholding is set to be completed by the end of December, according to its liquidator.

Louise Celia Korpela, of law firm Gorrissen Federspiel, said all creditors and liquidation costs will be covered by the current cash held by the company, whose last product carriers were sold in 2022.

“So far, the liquidation is proceeding as planned,” the liquidator said.