Noble kamsarmax quartet sale falls through

Noble kamsarmax quartet sale falls through

Hong Kong commodity trader Noble Group says the sale of four kamsarmax bulk carriers announced last November has fallen through.
 
Allied Shipbrokers had linked the $95m cash deal to Tor Olav Troim’s 2020 Bulkers, although market talk was that the buyer was more likely Emanuele Lauro’s Scorpio Bulkers.
 
 
According to Noble, the other party failed to satisfy conditions in the contract which required the buyer to obtain approval from their board of directors by February 1.
 
The four vessels are the Ocean Ambition (2014-built), Ocean Forte (2015-built), Ocean Vision (2015-built) and Ocean Integrity (2015-built).
 
Noble said they are still in the market and operating profitably, however they remain for sale and discussions have commenced with interested third parties.
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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