In January Norden announced, that the Company had entered into a conditional agreement for the sale of up to 6 Handysize vessels, subject to the buyer’s final approval before 30 March.
The buyer has not been able to submit this final approval, and consequently, the sale will not take place. Norden will then operate the 6 vessels itself as they are being delivered from the yard.
The agreement comprised 6 newly built sister vessels of 32,700 dwt from a Chinese shipyard. The first 5 vessels will be delivered from the yard during 2011, and the last ship in 2012
19 Handysize vessels will now be delivered to Nordens core fleet in 2011-2013: 16 owned newbuildings from Korean, Vietnamese and Japanese shipyards as well as 3 long-term chartered vessels mainly from Japanese shipyards.
The cancelled agreement will not influence Norden’s expectations for 2011.
The buyer has not been able to submit this final approval, and consequently, the sale will not take place. Norden will then operate the 6 vessels itself as they are being delivered from the yard.
The agreement comprised 6 newly built sister vessels of 32,700 dwt from a Chinese shipyard. The first 5 vessels will be delivered from the yard during 2011, and the last ship in 2012
19 Handysize vessels will now be delivered to Nordens core fleet in 2011-2013: 16 owned newbuildings from Korean, Vietnamese and Japanese shipyards as well as 3 long-term chartered vessels mainly from Japanese shipyards.
The cancelled agreement will not influence Norden’s expectations for 2011.