Herbjørn Hansson-led Nordic American Tankers Ltd (NAT) disclosed a deal to buy a 2016-built suezmax tanker as part of the company’s plan to renew and grow its fleet.
The company has agreed to buy one suezmax tanker built in 2016 at a South-Korean yard from a “first class owner” with delivery to NAT scheduled within April this year.
“The price to NAT is in the mid/high USD 60s,” NAT said in its statement on Friday.
The shipowner recently acquired a Sungdong (South-Korea) built suezmax tanker from a “first-class owner.” The vessel is expected to be delivered to NAT at the end of March 2025.
“Sungdong was controlled by the Samsung group at the time,” NAT said on Friday, adding that the vessel has been owned by the same company since it was built in 2016.
“We have now agreed to acquire a sister vessel, from the same owner, also built in 2016 at the same South-Korean yard. This vessel will be delivered to NAT within April this year,” the company added.
As disclosed, both vessels are fully financed and will provide additional earnings and dividend capacity.
NAT fleet, after these transactions, will consist of 21 suezmax tankers.
The company’s plan is to acquire ships and sell a few units. As the company explained, “2025 is expected to be an active year for NAT, which is in a strong position.”
