Danish tanker owner Nordic Shipholding has listed 2007-built, 38,400 dwt MR tanker Nordic Hanne for sale.
The company said the move is in line with management’s strategy to secure longer term financing in the renegotiation of the group’s loan facilities.
The sale should generate around $10m, with VesselsValue placing a market value on the vessel at $10.7m.
Nordic Shipholding commenced merger discussions with a potential entity in late 2019, however the process has been stalled due to the diminished financial and economic visibility that have evolved from the Covid-19 pandemic.
Nordic Shipholding said the five tankers in its fleet will continue to be commercially deployed on a pool basis for the rest of this year and the company continues to pursue growth and potential consolidation opportunities that are accretive to the company.