Dry CargoEurope

Norden sells four handysize bulk carriers

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.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
Back to top button