Nordic American Tankers to sell older ships as it pushes for fleet renewal

Herbjorn Hansson-led Nordic American Tankers is looking to renew its fleet by offloading its older ships and replacing them with younger models.

The New York-listed suezmax specialist said it will sell at least two vessels built in 2000 and 2002 and purchase two or more additional ships of more recent vintage.

The company currently has two newbuildings at South Korea’s Samsung Heavy Industries. The vessels will be delivered in 2022 and take its fleet to a total of 25 suezmax tankers.

Last week, Nordic American Tankers announced two market-beating fixtures claiming it had two ships earning $17,000 per day – fixtures much higher than those quoted in the current market.

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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