NAT has declared the purchase option for a 2018-built Suezmax tanker on favorable terms from a close financing partner.
Furthermore, NAT has also sold a 2003-built vessel to a UK based owner.
This sale which is expected to close in the second half of February, will produce a cash injection of USD 22.5 million.
“NAT is in a very solid position and the transactions above reflect our financial flexibility” the announcement notes.