Nordic American Tankers confirms sale of two vessels

Nordic American Tankers (NAT) has confirmed the sale of two suezmax tankers from its fleet, having telegraphed the move in a release earlier this month.

The sale of the vessels is part of the company’s fleet optimisation plan as NAT has three newbuildings coming from South Korean yard Samsung Heavy Industries. The newbuildings are set to join NAT’s fleet during the second half of 2018.

The price for the two vessels is between $9m and $10m per vessel.

NAT said the transactions are a natural part of the company’s business as it looks to phase out older vessels in the fleet. The identities of the vessels were not disclosed.

According to VesselsValue, the company’s fleet currently has 10 older tankers built between 1997 and 1999.

Following the vessel disposal, NAT’s fleet will be downsized from 33 to 31 suezmaxes in the short term.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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