Further sale of vessels and adjustment of expectations for 2009
12 May 2009
NORDEN has agreed to sell further 2 vessels, which affects the expectations for 2009. Since other conditions affecting the expectations also have changed, and the Company at the same time is close to finishing the interim report for the first quarter, NORDEN finds it appropriate to give this update.
The expectations for the operating profit (EBIT) for 2009 are narrowed down to USD 110-160 million.
Profits from the sale of vessels
NORDEN has exercised its purchase option on the Panamax bulkcarrier NORD JUPITER for the purpose of reselling the vessel, and today, the Company has entered into an agreement on selling NORD JUPITER for delivery to the new owners in the third quarter. In addition, NORDEN has sold the Handymax bulkcarrier NORD WHALE for agreed delivery to the new owners in May. The sale of NORD JUPITER and NORD WHALE results in total profits of approximately USD 15 million.
pdf Announcement No 22 in full
Photos
NORD JUPITER
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NORD WHALE
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