Sale of Nordic Ruth - Failed
With reference to Company Announcement 1/2019 Nordic Shipholding A/S regrets to announce that the Buyers under the Sale and Purchase Memorandum of Agreement entered into by Nordic Ruth Pte. Ltd., a wholly-owned subsidiary of Nordic Shipholding A/S, as Sellers on 26 February 2019; have not honoured their obligation.
The Buyers have not honoured their obligation to establish the requested deposit, and the above mentioned Memorandum of Agreement is consequently considered null and void.
Nordic Shipholding A/S will continue to market the vessel for sale.