First of Many?

We hope not. But last week D/S Norden A/S (“Norden”) entered into an agreement to manage five Handymax and Panamax dry cargo vessels formerly owned/controlled by Britannia Bulk. Through the intervention of Nordea Bank, the following vessels have been privately sold to an investor group, which transaction included financing from Nordea:

Norden will assume responsibility for both technical and commercial management of the vessels on behalf of the new owners

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