NAT Signs Contracts for Two Suezmax Tankers at $86 Million Each
In a letter to shareholders, CEO Herbjorn Hansson said, "I am pleased to inform you that the following transactions have been carried through: The earlier announced preliminary agreements for the construction of two suezmax tankers have now been signed.The price is $86 million for each ship. The South Korean shipyard Daehan Shipbuilding is the builder. The ships will be delivered to NAT in 2028. This week we have also finalized the previously announced sale of two vessels built 2004 and 2005. The two ships have been delivered to the buyer. The net cash to NAT is $50M. These transactions show an active period. We have refinanced parts of our fleet, sold four ships, bought two ships, and ordered two newbuildings. We experience a very favorable tanker market. NAT is in a solid position."
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Nordic American Tankers Ltd Signs Contracts for Two Suezmax Tankers at $86 Million Each
- New Ship Orders: Nordic American Tankers Ltd has signed contracts with Daehan Shipbuilding for the construction of two Suezmax tankers at $86 million each, expected to be delivered in 2028, thereby enhancing the company's competitive position in the tanker market.
- Asset Sales: The company has finalized the sale of two vessels built in 2004 and 2005, generating net cash proceeds of $50 million, which aids in optimizing asset structure and improving liquidity.
- Market Environment: The current favorable tanker market conditions allow the company to actively engage in fleet refinancing and transactions, demonstrating its solid position and growth potential within the industry.
- Strategic Adjustments: By selling four vessels and ordering two new ones, Nordic American Tankers Ltd showcases its ability to adapt to market changes, aiming to further enhance operational efficiency and increase market share.






