Norwegian shipowner Axel C Eitzen has changed his mind and will remain a co-owner of his last bulker, a 13-year-old Japanese-built supramax vessel he put up for sale.

TradeWinds reported last month that the Oshima-built 53,000-dwt Sibulk Tradition (built 2008) was close to being sold.

The vessel is the final bulker in the control of the Norwegian owner.

Eitzen had a 75% stake in the vessel which he had acquired for about $12m in October 2015. The vessel was put up for sale in August with a number of potential buyers wanting to inspect.

The Sibulk Tradition has now been sold to Norway's NRP for a firm price of $17m, according to Norwegian finance publication Finansavisen.

Stake reduced

Eitzen will continue to be part-owner of the vessel, but reduce his stake from 75% to 25%.

The shipowner is today primarily involved in chemical tankers through Christiania Shipping based in Copenhagen, alongside three gas carriers.

In 2018 Eitzen took over the Herning Shipping from the investment fund Triton with two Norwegian partners.

Its fleet now consists of 14 owned or bareboat-leased vessels, and four chartered vessels between 3,500 dwt to 12,600 dwt.

Last year, the operating revenues in the chemical tanker business totalled $87m and with an operating profit of $8.4m.