Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Noble sells four bulkers for $95m to pay down debt

Noble sells four bulkers for $95m to pay down debt

Cash-strapped commodities and shipping group Noble is selling four kamsarmax bulkers for $95m.

The Hong Kong-headquartered company is selling the bulkers Ocean Ambition, Ocean Forte, Ocean Integrity and Ocean Vision, all three years old and between 81,499 dwt and 81,616 dwt for $95m. The vessels had a book value of $94m and shipbroker valuations by Arrow and Clarksons averaged $92.5m.

Following the repayment of bank loans on the vessels and other costs Noble will have $30m which will be used to pay down debt.

Noble said the sale would not significantly impact the operations of its freight division.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish

Panama_Webinar_Leaderboard_FINAL.jpg