NOCC offloads duo
Norwegian Car Carriers (NOCC) has revealed it has sold another two veteran vessels as it slid to a loss in the second quarter.
The 4,700–ceu NOCC Caspian (built 1987) has gone to AML Ship Management of Germany and has been renamed City of Tokyo.
And the company said it has agreed a deal to sell the 5,387-ceu NOCC Coral (built 1987) under a hire-purchase agreement, without revealing the new owner.
The ship will be delivered before April 2015. Until then it still has 10 car carriers in the fleet, three of which were built in the late 1980s.
NOCC reported a net loss of NOK 3.61m ($0.58m) in the three months to 30 June, against a profit of NOK 1.41m in the same quarter of 2013.
Revenue dropped to NOK 98.16m from NOK 116.6m the year before.
NOCC was taken over by Car Carrier Investments (CCI), a joint venture between Klaveness Marine and US-based JP Morgan, earlier this year.
The company will be delisted in Oslo.