Norden has reportedly sold some of its youngest bulkers and oldest tankers to cash in on high asset values and renew its fleet.
According to Greek brokers and Chinese shipping sources, the deals include the sale of three modern ultramaxes, including two newbuildings, to Pacific Rim Shipmanagement — an expanding Singapore-based owner.
Norden is also believed to have sold an MR and a handysize tanker that passed the 10-year age mark.
