NAT Announces The last 2002 Built Vessel Sold
Source: www.gulfoilandgas.com 6/7/2022, Location: North America
We wish to inform you that we have sold the last of our originally four 2002 built suezmax tankers, the “Nordic Moon”.
The price is about $16 million net to NAT. The vessel will be delivered to the new owners during June 2022.
We plan to take delivery of a newbuilding from Samsung Shipyard in South Korea at the end of June. It will start on a six year contract as from delivery.
The first newbuilding from Samsung in this round was delivered to us in mid - May. The vessel started on a contract for 6 years when delivered from the yard. A strong balance sheet is essential. The NAT debt is low compared with other US listed tanker companies.
NAT is in a positive phase of development as illustrated in this message.