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Norden sells four handysizes at an $18m lossNorden sells four handysizes at an $18m loss

As it looks to focus on the supramax and panamax sectors Norden has sold off four handysize bulkers.

Marcus Hand, Editor

June 16, 2016

1 Min Read
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The Danish shipowner has sold four 2011-built handysize bulkers – the Nord Hong Kong, the Nord Houston, Nord London and Nord Vancouver – at a loss of $18m.

The proceeds from the sale will be reinvested in the supramax and panamax sectors.

Following the sale Norden owns eight handysize bulkers and said it would continue to operate a significant fleet in this sector but in long term would be only chartered in vessels.

Earlier this week Norden sold its last four owned post-panamax bulkers.

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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