The planned disposal of Nordic Ruth didn’t jell

The disposal of Nordic Shipholding’s MR1 chemical/product tanker Nordic Ruth didn’t jell despite the concluded MOA, the Danish shipowner mentioned.

Nordic Shipholding signed the memorandum of agreement (MOA) with an undisclosed buyer to dispose of the Handysize bulker built in 2000, in February this year.

The purchase price according to the contract was of USD 6.1 million. All this info was showed in VesselsValue’s database.

However, the buyers “have not honoured their obligation to establish the requested deposit, and the … Memorandum of Agreement is consequently considered null and void,” Nordic Shipholding explained.

“Nordic Shipholding A/S will continue to offer the vessel for sale,” the shipowner added.

Including the 35,800 dwt Nordic Ruth, the shipping company currently has six product tanker vessels, five Handysize tankers and one LR1.

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