Norden has concluded a successful asset play by selling a kamsarmax bulker it bought three months ago for a huge profit.

The Danish shipping giant has sold out the Hudong-built, 82,000-dwt SBI Zumba (renamed Nord Stellar, built 2016). Brokers in the US and Europe said it fetched $25.5m.

The vessel was purchased from Scorpio Bulkers in December for $20m.