Norden has completed a second round of bulker sales in quick succession after disposing of four handysize ships today.
Copenhagen-listed Norden is offloading the 32,000-dwt Nord Hong Kong, Nord Houston, Nord London and Nord Vancouver (all built 2011).
In a statement to investors the Danish owner said the deal will return an accounting loss of $18m.
It comes as Norden seeks to tighten its focus within dry cargo on supramax and panamax tonnage, with cash from today’s deal set to be reinvested in these areas.
After today, the company will have eight owned handysize ships, which are also likely to be sold as it looks to have only chartered bulkers in the subsector.
The sale falls under the same Focus & Simplicity programme that led to the disposal of four post-panamaxes last Friday.
Norden’s profit guidance for the year is unchanged, with the company keeping its adjusted 2016 results window at between a loss of $60m and a $30m gain.
