Nordic Shipholding product tanker sale falls through

Nordic Shipholding product tanker sale falls through

Danish tanker owner Nordic Shipholding has announced that the company has failed to complete the sale of its 2000-built 35,800 dwt product tanker Nordic Ruth.

The company entered into a memorandum of agreement with unnamed buyers in February regarding the sale of the ship, however, Nordic Shipholding said the MOU became null and void as the buyers have not fulfilled their obligation to establish  requested deposit.

Nordic Shipholding will continue to market the vessel for sale.

Nordic Shipholding currently owns a fleet of six tankers.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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