NAT Disposes of Three More Suezmax Oldies

Illustration. Image Courtesy: Pexels under CC0 Creative Commons license

Bermuda-incorporated shipping company Nordic American Tankers (NAT) revealed plans to sell three older Suezmax tankers. 

Less than two weeks ago, NAT completed the sale of two vessels for a price of about USD 9.5 million each.

Under the terms of the new agreement, the company is to dispose of the vessels “at the same price level as the first two ones”.

The company said that ships are also 20 years or more.

As informed, all terms have been agreed and the signature on the documents is expected to take place soon.

The total cash to NAT from the sales of the five vessels is close to USD 50 million, according to the tanker owner.

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