Reederei Nord is sharply reducing its presence in the LR1 tanker segment, according to European brokers.
Sources said the diversified shipowner, which is run by twin brothers Nikolaus and Christian Oldendorff, has sold four of its five ships in the segment at the upper end of price expectations.
The Hyundai-constructed, 74,000-dwt Nordvenus, Nordmars, Nordmerkur and Nordneptun (all built 2004) reportedly fetched $41m en bloc to an undisclosed buyer.
