Norden said on Wednesday that it would no longer invest in the capesize, post-panamax or handysize sectors and would concentrate on the panamax and supramax arenas. Its products tanker priorities are unchanged.
Brokers have in the past week said Norden’s two owned capesizes — the 180,000-dwt Nord Energy (built 2004) and 176,000-dwt Nord Power (built 2005) — had been attracting offers of $30m.
