In with the dry and out with the wet at Norden

Norden is continuing its shift from wet to dry with two tanker sales and a series of unreported charters.

It has been an active year for the Danish owner-operator’s asset management division.

The company announced that it has sold two MR1 product tankers, the 38,400-dwt Nord Bell and 37,200-dwt Nord Hummock (both built 2007), in line with its strategy.

But it said last month’s lucrative sale of a kamsarmax, the 81,200-dwt Nord Stellar (built 2016), was an opportunistic deal.