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Noble Sells Bulk carrier Ocean Ruby

Maritime Activity Reports, Inc.

June 24, 2019

Singapore's  Noble Group Holdings Limited announced that its subsidiary Asia Rainbow International Limited has completed the sale of the vessel M/V Ocean Ruby.

The sale has been completed for aggregate consideration of US$13.2 million, said the company in a stock exchange anouncement.

The 93,000-dwt Ocean Ruby was built in 2010.

According to the statement, the net proceeds from the disposal, after deducting broker and address commission were USD 12.87 million.

The sale of Ocean Ruby is part of Noble Group’s plan to sell off its bulker fleet after it completed a USD 3.5 billion restructuring in December 2018.

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