Nordic American Tankers sells suezmax as it pushes for fleet renewal

Nordic American Tankers is pressing forward with its fleet renewal plan having sealed a deal to sell one of its ships. The New York-listed suezmax specialist has not revealed any further details except that it expects the transaction to be “fixed and firm shortly”.

Earlier this year, the Herbjorn Hansson-led firm announced plans to renew its fleet by offloading at least two vessels built in 2000 and 2002 and purchasing two or more additional ships of more recent vintage.

Nordic American Tankers has 25 suezmax vessels, including two newbuildings set for delivery in 2022.

“We look at further sales and purchases of suezmaxes in the time to come. The market for our 25 suezmaxes is finely balanced. We agree with those (analysts) who now expect a strong upswing,” Hansson said.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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