Norden sells Capesize with loss of USD 12 million

Yet another Capesize vessel has been divested from the fleet, which besides product tanker will only contain dry bulk vessels of the types Supramax and Panamax.

Norden has agreed to sell the Capesize dry bulk vessel Nord Power with 176,000 dwt, built in 2005. The sale will entail an accounting loss of USD 12 million, which will be included in the annual results for 2015, according to a corporate statement from the company.

The vessel will be delivered to the new owners at the beginning of 2016, and wit this sale, there are only two remaining vessels in the Capesize segment according to the carrier's fleet list, Nord-Energy and Nod-Steel, with 180,310 and 180,000 dwt respectively.

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