News

Announcement No. 5, 2016

Nov 18 2016
Topics

Interim financial report – third quarter 2016

Reduced exposure

“In Q3 we reduced our exposure in continued challenging market conditions in dry bulk as well gastank and our newbuilding commitments have been reduced to one part-owned bulk carrier”, says CEO Mads P. Zacho, adding that “due to the sustained weak dry cargo markets we have lowered our EBITDA estimate for the full year”.

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