Noble puts post-panamax bulker quartet up for sale

Noble puts post-panamax bulker quartet up for sale

Commodity trader Noble Group, fresh from completing its restructuring last month, has placed four post-panamax bulkers up for sale.

The Cosco Dalian quartet Ocean Garnet (2010), Ocean Ruby (2010), Ocean Sapphire (2012), and Ocean Topaz (2013) are being circulated by brokers.

All four vessels are currently headed for South Korea with estimated arrivals between January 17 and January 25.

No indicative price was given for the vessels, but MSI values the Ocean Garnet at $16.6m, Ocean Ruby at $16.6m, Ocean Sapphire at $19.3m and the Ocean Topaz at $21.8m.

VesselsValue data shows the now UK-headquartered Noble Group has seven post-panamaxes in its fleet of ten vessels, which also includes two capesizes and a panamax.

Last year, Noble sold off four kamsarmaxes with one going to Primrose Shipping and three going to Transmed.

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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