“The majority shareholder of the company had commenced merger discussions with a potential entity since late 2019. However, these merger discussions have stalled due to the diminished financial and economic visibility that have evolved and are still evolving from the COVID-19 pandemic,” Nordic Shipholding said.
In the meantime, the company has offered one of its vessels, Nordic Hanne, to the market for sale to secure longer-term financing in the renegotiation of the group’s loan facilities.
