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Tuesday, July 16, 2024

NAT Sells 19-year-old Suezmax Tanker

Maritime Activity Reports, Inc.

September 29, 2022

Nordic American Tankers (NAT) announced it has sold a 2003-built suezmax tanker for $21 million net. The buyer is a major international energy company, NAT said without disclosing the name of the company.

The vessel will be delivered to its new owner in the fourth quarter of 2022.

NAT said it will use the cash proceeds from the sale to reduce its debt as the company aims to become debt free.