Announcement No. 1, 2017

Feb 24 2017

Tough year for global shipping

”In early 2017, a number of organisational and cost adjustments were implemented in order to improve our competitive position, and main terms for a new financing package were agreed with our core lenders”, says CEO Mads P. Zacho adding that “these initiatives follow a very tough year for global shipping where dry cargo markets fell to historic lows in February 2016 and where the serious market decline for large gas carriers was increasingly felt in the segments for smaller gas carriers”.

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