Denmark's Nordic Shipholding is looking to the future after finally selling a handysize and extending its loan facility for another year.

The Nasdaq OMX-listed company said it had agreed to offload the 38,000-dwt Nordic Hanne (built 2007) last week to an unnamed buyer for $7.85m.

VesselsValue estimates the ship to be worth $10.63m.

Nordic put the handysize up for sale in August last year as it looked to bolster its finances.