A decision on whether to relocate the 500 people who work in the 26-story tower, or continue in the building as a tenant, will be made after a buyer is found.
The move has been taken in order to release capital for “strategic investment”, NOL said in a press release.
NOL have made losses in their previous five quarters with Ship & Bunker reporting in May the company announced a loss of $254 million for Q1 2012.