NORDEN has entered into an agreement for the sale of up to 6 Handysize dry cargo vessels to Greek interests. Until 30 March 2011, the agreement remains subject to the buyer’s final Board of Directors approval.
The agreement comprises 6 newly built sister vessels of 32,700 dwt from a Chinese shipyard. The vessels will be delivered from the yard during 2011 (5 units) and 2012 (1 unit).
The parties have agreed not to publish the sales price. If the sale is effected it will not have any significant impact on the results for 2011.