Nordic American Tankers sells off ageing suezmax

Nordic American Tankers (NAT) has now sold the last of its 2002-built suezmax tankers, Nordic Moon, as part of an overall fleet adjustment program. The vessel will be delivered to its new owners this month, and NAT will net about $16m from the sale.

This sale is one of several in the last eight months. The company also sold tankers in February, March and April this year and in October last year.

NAT will take delivery of a second newbuild from Samsung Shipyard in South Korea at the end of June that will immediately start on a six-year contract with Oman’s Asyad Shipping. NAT received another vessel from the shipyard in mid-May, which has also been chartered to Asyad.

Kim Biggar

Kim Biggar started writing in the supply chain sector in 2000, when she joined the Canadian Association of Supply Chain & Logistics Management. In 2004/2005, she was project manager for the Government of Canada-funded Canadian Logistics Skills Committee, which led to her 13-year role as communications manager of the Canadian Supply Chain Sector Council. A longtime freelance writer, Kim has contributed to publications including The Forwarder, 3PL Americas, The Shipper Advocate and Supply Chain Canada.
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