Nordic American Tankers offloads ageing suezmax pair

Nordic American Tankers offloads ageing suezmax pair

Suezmax tanker owner Nordic American Tankers (NAT) has announced the sale of two 1999-built suezmax tankers, Nordic Aurora and Nordic Sprite.

The vessels, which were due special surveys in January, will net the company around $10m net each with delivery scheduled to the unnamed buyers in December. 

NAT says the contracts contain provisions related to the Hong Kong Convention, indicating they will be scrapped.

NAT has now sold all of its ships built before 2000, with a total of ten vessels offloaded this year as part of the company’s plans to keep a young fleet. The sale leaves it with 23 suezmaxes with an average age of ten years.

“The tanker market for our suezmaxes is strong – the strongest we have seen for many years,” the company added in a statement, claiming it is well position to reap the benefits of the buoyant tanker market.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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