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.
The U.S. Department of Energy's loans office said on Friday it has finalized a loan of $1.3 billion to ENTEK Lithium Separators…
North Korea has likely received more than 1 million barrels of oil from Russia over an eight-month period this year in breach of U.N.
This week at MarineLink…The IMO 2020 Sulfur Cap essentially ushered in a new type of fuel - VLSFO. With it came the engine…
The COP29 climate talks in Azerbaijan aim to agree an annual finance target of $1 trillion or more a year to help poorer…
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For the first time ever, Military Sealift Command is hosting a virtual job fair to reach US Citizens in the Philippines who are interested in a maritime career.
Gas carrier reporting presents distinctive challenges due to the specialized nature of LNG cargo. From complex loading and unloading procedures to stringent safety regulations
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