Noble Group Sells Kamsarmax Dry Bulker to Aeolian Spirit Shipping
The commodity trader Noble Group has entered into an agreement with Aeolian Spirit Shipping, a Cyprus company, to dispose a vessel registered in Hong Kong for a consideration of US$23.79 million. Noble said in a press annoucement that its indirect wholly-owned subsidiary, Core Forte, had on June 15 entered into a memorandum of agreement with Aeolian Spirit Shipping and Transmed Shipping for the proposed sale of a Kamsarmax dry bulk carrier vessel. The Vessel “Ocean Forte" is registered under the flag of Hong Kong. It was built in 2015 and has a capacity of 81,616 dwt. The Vessel is employed to service external customers as well as Noble Group’s internal freight requirements. It is included in Noble Group’s Metals, Minerals and Ores segment for reporting purposes.
Noble Sells Kamsarmax Bulker
Singapore-listed commodity giant Noble Group (NGL) has announced it has entered into a memorandum of agreement to sell a Kamsarmax-size dry bulk carrier to Cypriot company Ocean Liberty Marine Ltd and Transmed Shipping Ltd for US$24 million in cash. The vessel, called the Ocean Vision, is currently mortgaged to a financial institution. According to sources, part of the proceeds from the sale will go towards paying down the amount owned under the relevant facility. "The proposed disposal does not impact the proposed debt restructuring under the restructuring support agreement, as announced by the company on 14 March 2018," said a statement from Noble.
Explosion in Cargo Carrier in Brazil
A kamsarmax bulk carrier owned by Greece’s Transmed Shipping was hit by an explosion in one of its cargo holds while anchored at Paranagua Port in Brazil. The Paranaguá Port Authority says it received a report at about 3 p.m. The explosion may have been caused by gas generated by the maize kept being under high temperature, combined with recent fumigation gas, or by malpractice of the crew. The 235 meters long vessel remained under observation for 24 hours and was surveyed by technicians regarding the sea worthiness. The environmental authorities and the Navy have been informed of the incident and Appa continued to support the vessel. The 2013-built Akaki was loaded with corn and prepared to sail to Vietnam when the explosion occurred.
