Samsung Delivers Suezmax Newbuild to NAT

FILE PHOTO © Hartmut Brockmueller / MarineTraffic.com

SUBMIT PICTURE © Hartmut Brockmueller/ MarineTraffic.com

Tanker delivering firm Nordic American Tankers on Friday took distribution of a suezmax newbuild from shipbuilder Samsung Heavy Industries in South Korea.

The 157,000-dwt petroleum vessel is called Nordic Harrier, which was the very first NAT ship when ending up being stocklisted on the New York Stock Exchange in 1995.

The ship, which gets on a 10-year bareboat charter to NAT from Norwegian shipowner Ocean Yield, will certainly begin an agreement for 6 years to ASYAD Shipping Company of the Sultanate ofOman “The contract is producing earnings and cashflow as from delivery from the yard, creating financial stability and a further foothold in this important area,” New York- noted NAT stated in a letter to financiers as well as investors.

NAT stated it anticipates to take distribution of an additional newbuild from Samsung at the end ofJune This vessel will certainly additionally has an agreement for 6 years to the Sultanate of Oman.

Source of This New