Danish shipowner Norden has sold the oldest handysize bulker in its fleet, brokers say.

It is believed to have cashed in the 36,800-dwt Nord Seoul (built 2010).

A price of $11m is being placed on the Hyundai Vinashin-built vessel.

KEY EVENTS FOR NORDEN IN 2017

January: Christian Vinter Christensen joins as head of dry cargo.

March: Fuel consumption on owned ships cut by 10% from 2014 levels.