NORDEN sells Capesize vessel
Announcement no. 2328 December 2015 NORDEN sells Capesize vessel NORDEN has agreed to sell the Capesize dry cargo vessel NORD POWER (176,000 tdw., built in 2005). The sale will entail an accounting loss of USD 12 million, which will be included in the annual results for 2015. The vessel will be delivered to the new owners at the beginning of 2016. In the long term, NORDEN expects to reinvest the proceeds from the sale into additional tonnage of the vessel types Supramax or Panamax. The sale is thus in line with the strategy Focus & Simplicity which involves focusing on the
