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DS Norden carries out first test voyage of bio-fuelled ship

DANISH shipping company DS Norden has conducted the world's first commercial test voyage of a vessel powered by carbon-neutral bio-fuel. The ship, the NORD HIGHLANDER, sailed from Rotterdam to Tallinn, Estonia. Dutch firm Good Fuels supplied the bio-fuel for the test voyage. One of the key benefits is that ships need not modify or rebuild their tanks to use the bio-fuel that is derived from food oil. "Norden is proud to be at the forefront of testing and introducing CO2-neutral fuel that truly makes an impact on the highly important agenda of reducing the carbon footprint of shipping," said CEO Jan Rindbo, reported the Copenhagen Post. "

Scorpio sells tanker

The Company reached an agreement to sell its 2007 built Handymax product tanker, STI Highlander, for approximately $19.35 million. The sale of this vessel is expected to close in October 2015. There will be no debt repayment associated with this sale as this vessel is not collateralized under any of the Company's credit facilities. Subsequent to the sale of STI Highlander, all of the Company's owned fleet will have been built in 2012 or later.