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Nordic American Tankers has revealed a new sale of one of its oldest vessels as fleet renewal at the suezmax specialist rolls on.
The New York-listed company is offloading the 2004-built, 150,000 dwt Nordic Casor and should cash in about $22.5m after buying the vessel for a reported $29.7m in 2016.
Earlier this year, the Herbjorn Hansson-led owner and operator also sold the 2003-built Nordic Apollo to UK owner Union Maritime for $22.9m and exercised purchase options at Norwegian owner and sale and leaseback player Ocean Yield for a pair of 2018-built suezmaxes, Nordic Aquarius and Nordic Cygnus.
The sale was followed by the addition of two younger South Korean-built vessels. S&P sources earlier suggested NAT had bought two scrubber-fitted, 2016-built suezmaxes, the Diamondway and Goldway, from Singapore’s Eastern Pacific Shipping for $66m each.
The acquisition was financed with 50% lease financing with Ocean Yield and the two ships now trade as Nordic Galaxy and Nordic Moon under an eight-year bareboat charter.
NAT will, following the sale, have around 20 suezmaxes in its fleet, with the oldest vessel built in 2003.
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