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 is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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