Singapore’s Wealth Holdings books up to eight MPPs with Norden charter cover

Singapore-based Wealth Holdings is stepping into the multipurpose vessel space with a sizeable, charter-backed newbuilding programme, lining up to eight 17,400-dwt MPPs with Danish operator DS Norden providing time-charter cover. The deal covers four firm vessels with two plus two options, with Wealth Holdings Shipping acting as the ordering owner and capital provider. Commercial operation …