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Norden receives $13m profit

Norden receives $13m profit
Dry bulk owner and operator Norden said today it had sold two handymax vessels for a total profit of $13m.

Dry bulk owner and operator Norden said today it had sold two handymax vessels for a total profit of $13m.

Dry bulk owner and operator Norden said today it had sold two handymax vessels for a total profit of $13m.

Norden also raised its forecast for full-year earnings before interest and tax to $100m-$325m, from $85m-$325m.

Norden could not be immediately contacted for further details on the transaction, but a broker, who declined to be named, said the two ships involved were the 2002-built , 52,344 dwt Nordflex and 2003-built, 52,441 dwt NordOcean and would have been sold for about $23m and $24m respectively.

Both vessels were expected to be delivered to the undisclosed new owners during the second quarter of 2009.

Norden reportedly sold six bulk carriers earlier this year. London-based broker Galbraith"s reported in January that undisclosed buyers had purchased the 2006-built 53,483 dwt Nord Endeavour for $27m, as part of the sale, after the Denmark-based company said it would sell six bulk carriers to free up cash.

www.TurkishMaritime.com.tr

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