Norden's sale of two MR2 products tankers to Bergshav has failed after investors in a Pareto syndication got cold feet over a lacklustre tanker market.

Brokers had recently reported a sale of Norden Asset Management's 51,300-dwt Nord Skate (built 2008) and Nord Stingray (built 2009) to an unknown Norwegian buyer.

The price is given as $17m each on an en bloc basis by data provider VesselsValue.