NORDEN Continues to Shift Exposure from Tankers to Dry Cargo
In response to current market conditions, NORDEN continues to shift its exposure from the tanker segment to dry cargo. Over the past few weeks, NORDEN has sold two tanker vessels an MR tanker NORD PEARL and a Handysize tanker NORD BUTTERFLY. Meanwhile, the Company has purchased two secondhand dry bulk carriers one Supramax vessel to be delivered later this month, and a Kamsarmax to be delivered in April 2021.
The trading activities are in line with NORDEN’s asset trading strategy and active management of its market exposure.
The new vessels will join the core fleet of NORDEN owned and leased tanker and dry cargo vessels under the Company’s Asset Management business unit.