Dry CargoEurope

Norden swaps a capesize for a supramax with Bocimar

Denmark’s Norden has sold its last capesize bulk carrier  Nord Energy to Bocimar for an undisclosed price, and has purchased a 2010-built supramax bulker from the Belgian carrier.

CMB Maxime (58,500 dwt, built 2010) was acquired from Bocimar for an undisclosed price last week, according to broker reports. Both ships will be delivered this quarter, Norden said.

VesselsValue.com (VV) estimates Nord Energy‘s market value at $10.4m and CMB Maxime‘s at $10.31m.

Norden says the sale is part of its strategy to focus on panamax and supramax vessel ownership. Following the sale of Nord Energy, Norden operates just one capesize on charter.

At the end of December, Norden has sold its capesize Nord Power to a buyer that has since been named as Athens-based Phoenix Energy Navigation. The sale price was not disclosed but Norden said it incurred a $12m accounting loss.


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.
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