Nordic American Tankers (NYSE:NAT) has announced sale of the last of its originally four 2002-built suezmax tankers, the “Nordic Moon.”
Samsung shipyard
The tanker was sold for about $16M net to NAT. It will be delivered to the new owners in June 2022.
Additionally, the tanker company plans to take delivery of a newbuilding from Samsung Shipyard at the end of June. This vessel will placed on a six year contract upon delivery.
The first newbuilding from Samsung in this round arrived in mid – May and was immediately placed on a contract for six years.
NAT shares have slid 37% over the past year but are up ~15% YTD
Now Read: Nordic American Tankers boosts dividend by 100% to $0.02
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Source: seekingalpha
