Norden has sold four of its handysize bulk carriers to enable it to focus on ownership of supramax and panamax bulk carriers.
The sale of the 2011-built bulkers Nord Hong Kong (32,282 dwt), Nord Houston (32,389 dwt), Nord London (32,312 dwt) and Nord Vancouver (32,353 dwt) will incur an $18m accounting loss, Norden said, but the specific sale price was not disclosed.
VesselsValue.com today estimates the ships’ collective market value at some $28.85m.
Proceeds from the sale will be invested in supramaxes and panamaxes, the Danish company said.
Norden’s handysize fleet now consists of eight vessels. “It is part of the strategy that Nordern continues to operate a significant fleet within this vessel type, which in the long-term will only consist of chartered vessels,” the company said.