Schroders has trimmed its shareholding in Danish bulker and tanker owner Norden.
The investment heavyweight bought into Norden at the end of 2014 with a $50m move.
It topped up that position with an additional $7m purchase in December 2015, leaving it with 2,507,959 shares in the shipowner.
In a statement today Norden said that Schroders had sold down its interest to below 5%, without revealing further details.
Motortramp
