Noble Group Sells Kamsarmax Dry Bulker to Aeolian Spirit Shipping

Maritime Activity Reports, Inc.

June 15, 2018

Image: Noble Group

Image: Noble Group

 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.
 
Transmed Shipping is supposed to guarantee the performance of Aeolian Spirit Shipping. The proposed disposal is subject to approval by the shareholders of Noble.
 
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