Noble Group sells another kamsarmax to Transmed Shipping

Noble Group sells another kamsarmax to Transmed Shipping

Hong Kong commodity trader Noble Group has entered into an agreement with Greek owner Transmed Shipping for the sale of 2015-built kamsarmax bulker Ocean Forte.

The disposal price for the 81,615 dwt vessel is $23.79m, with Noble saying the sale will result in a net profit of $0.3m.

Noble Group has been working to offload its kamsarmaxes since Novermber last year as part of the company’s ongoing restructuring process. The company sold the 2015-built kamsarmax bulker Ocean Vision to Transmed Shipping in April and another kamsarmax bulker Ocean Integrity to Primrose Shipping in March.

In April, Goldilocks Investment, the third largest shareholder in Noble Group, launched two more lawsuits against Noble seeking to stop the company’s restructuring support agreement.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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