New Suezmax Tanker with 10-Year Charter Joins Ocean Yield

TankerIllustration. Image Courtesy: Pexels under CC0 Creative Commons license

Norwegian shipowner Ocean Yield has taken delivery of a newbuilding Suezmax crude tanker from South Korea’s shipbuilder Samsung Heavy Industries.

The 156,900 dwt vessel, named Nordic Aquarius, features a length of 274 meters and a width of 48 meters. The ship able to load one million barrels of crude oil.

Upon delivery, the unit started a 10-year bareboat charter to Nordic American Tankers Limited.

The Nordic Aquarius will be employed in worldwide trading. The first voyage is expected to be from the Singapore area to Western Europe.

The vessel is the first of three newbuildings scheduled to be delivered from Samsung Heavy shipyard and chartered to NAT during 2018. The second ship is expected to join the fleet at the end of August and the third one at the end of October.

As informed earlier, all three newbuildings would be financed through a sale and leaseback arrangement.

The New York-listed NAT operates a fleet of 25 Suezmax tankers, including three vessels to be chartered in on long-term bareboat charter from Ocean Yield.

The three new buildings this year will reduce the average age of the NAT fleet substantially, to about 10 years per ship.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2018 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 1 2

Maritime Reconnaissance & Surveillance Technology

Now in its 4th successful year, Maritime Reconnaissance & Surveillance Technology is the only event that specifically.

read more >

DREDGING FOR SUSTAINABLE INFRASTRUCTURE

The two-day-long programme offers six highly interactive sessions with contributions from…

read more >

Maritime Information Warfare

SMi are thrilled to announce the return of Maritime Information Warfare conference, now in its second year…

read more >

Offshore Wind Europe 2018

The Offshore Wind Europe speaker line-up is supported by executives who are leading the charge…

read more >