Nordic American Tankers sells two ships

JUNE 1, 2018 — Nordic American Tankers (NYSE:NAT) today confirmed the sale of two vessels, adjusting the fleet from 33 to 31 suezmaxes in the short term.

It says that “the total cash to NAT from the sale of these two vessels is between $9 million and $10 million per vessel” and that the sales are “are a natural part of our business” and in line with the company’s plan to expand as it has three newbuildings coming from a Korean shipyard that will join the fleet during the second half of 2018.

“As communicated earlier,” says NAT, “further sales of vessels may be expected in the process. We can assure you that we will prioritize dividend payments as in the past. At the time of this message, there are optimistic views on the tanker market.”