Hong Kong commodity trader Noble Group is selling four kamsarmax bulk carrier vessels as part of its debt reduction efforts.
Noble says the sale will fetch $95m payable in cash on closing. Proceeds after the repayment of bank loans associated with the vessels and other costs will be around $30m.
The sale was reported last week in Splash’s regular S&P column Weekly Broker, where the four vessels were identified as Ocean Ambition (2014-built), Ocean Forte (2015-built), Ocean Vision (2015-built) and Ocean Integrity (2015-built).
Allied Shipbrokers reported the buyer as new Norwegian outfit 2020 Bulkers, created by Tor Olav Troim in October.