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Norden Sells 4 Handysize Bulk Carriers

Maritime Activity Reports, Inc.

June 15, 2016

Photo: Dennis Schnell, Bulldog and Partners

Photo: Dennis Schnell, Bulldog and Partners

As Dampskibsselskabet NORDEN A/S further tightens its focus in the dry cargo segment to medium-sized Supramax and Panamax vessels, the company has sold four Handysize dry cargo vessels.

 
Following the sale of Nord Hong Kong (32,282 tdw built in 2011), Nord Houston (32,389 tdw built in 2011), Nord London (32,312 tdw built in 2011) and Nord Vancouver (32,353 tdw built in 2011), the shipper now owns eight Handysize vessels.
 
Norden said it plans to continue to operate a significant fleet within the Handysize vessel type, which in the long-term will only consist of chartered vessels.
 
The shipper last week announced the sale of its final four Post-Panamax bulk carriers.
 
The proceeds from both sales will be reinvested in Norden’s Supramax and Panamax fleet.
 

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