Noble Group sells kamsarmax to Transmed Shipping

Noble Group sells kamsarmax to Transmed Shipping

Hong Kong commodity trader Noble Group has entered into an agreement with Greece’s Transmed Shipping to sell 2015-built kamsarmax bulker Ocean Vision.

The 81,502 dwt vessel was sold for a price of $24m, the same price Noble fetched last month for sister ship Ocean Integrity.

Splash had been informed of the deal almost a fortnight ago, however Noble’s head of shipping Michael Nagler described the talk as “fake news”, advising that negotiations were still ongoing

Noble has been working to offload its kamsarmaxes since November last year, when it initially reached an agreement to sell all four for a price of $95m to an unnamed party. The deal fell through, and so far the company has managed to achieve better prices by selling the vessels individually.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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