Nordic American Tankers sells 2003-built suezmax tanker


Nordic American Tankers (NAT) announced on Thursday a sales agreement for a 2003-built suezmax tanker:

Today we have entered into a sales agreement for a 2003-built suezmax tanker. The price is $21 million net to NAT. The vessel will be delivered to its new owner in 4Q 2022. The cash proceeds will be used to reduce our debt. A NAT objective is to become debt free as was the case earlier.

The buyer is a major international energy company.

As advised the investor market earlier this week, I purchased shares in NAT, and my son, Alexander Hansson, NAT Board Member, has also lately continued to accumulate shares.

As in the past, the Hansson family is the largest private shareholder group in Nordic American Tankers (NAT).

NAT has paid dividend for 100 consecutive quarters. The dividend policy is steadfast.

The market for our ships remains firm.