Norddeutsche Landesbank (Nord/LB) has put the brakes on the sale of a fleet of 14 modern bulkers.
The Hanover-based bank’s efforts to dispose of the six supramaxes and eight handymaxes in the fleet of Hamburg shipmanager United Seven have stalled.
It is said to have had potential buyers lined up for the vessels, including interest from US funds.
But a deal has proved tough to complete because tighter regulations make it hard for the bank to shift the vessels from its balance sheet, according to sale-and-purchase (S&P) brokers.
United
