Noble Group Ltd said it would sell a Kamsarmax dry bulk carrier to Bianca Corp for $24 million.
The Hong Kong registered ship has a capacity of 81,499 deadweight tons. Built in 2015, the vessel, Ocean Integrity, is employed to service external customers as well as Noble Group’s internal freight requirements.
“The consideration for the Proposed Disposal shall be US$24 million payable on completion of the Proposed Disposal and will be satisfied in cash. The Consideration was arrived at after arm’s length negotiations between NGL and the Buyer, on a “willing buyer willing seller” basis, and taking into account, inter alia, the valuation of the Vessel and the Vessel’s specifications and age,” the company said in a statement.