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Norden sells four handysizes at an $18m loss

Norden 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.

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.