Nordic American Tankers to sell three more suezmaxes

Nordic American Tankers to sell three more suezmaxes

Nordic American Tankers (NAT) has announced that it plans to sell three of it older suezmax vessels.

This follows the company’s June 1 decision to sell two other suezmaxes for around $9.5m each.

In the latest announcement the company said that by the agreement the three latest sales – of ships that are at least 20 years old – would be made “at the same price level as the first two ones”.

That would add up to almost $50 million in total ship sales for NAT over the past fortnight.

The NYSE-listed company, headquartered at Sandefjord in Norway, is planning to re-expand its fleet with three newbuildings from a South Korean shipyard later this year.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

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