Nordic Maritime Takes Majority Stake in Nordic Shipholding A/S
In a major shareholder announcement Nordic Shipholding A/S informs that Nordic Maritime S.à r.l. As a consequence of the restructuring, Nordic Maritime and the Company’s lending banks have converted debt for a total amount of approximately USD 72.1 million into new shares and Nordic Maritime has contributed an additional USD 2 million in cash for new shares in the Company. As announced earlier by Nordic Shipholding, board members Erik Bartnes, Mogens Buschard and Saravana Sivasankaran would resign their position as board members upon completion of the restructuring. Consequently, the board of directors now consists of Knud Pontoppidan (chairman), Kristian V. Mørch, Anil Gorthy, Jon Lewis and Philip Clausius.
What’s Next?
The maritime industry goes from cycle to cycle, living with and by uncertainty. You could even say that our industry embraces risk. This means that “What’s next?” is always a relevant question – and one that gets some interesting responses. During Nor-Shipping 2011, we discovered that the “what’s next” question really resonates with the industry when we used it to support the theme “Next Generation Shipping” for the event week. The standing-room only audience at the Nor-Shipping…