NAT Announces The last 2002 Built Vessel Sold

Source: 6/7/2022, Location: North America

We wish to inform you that we have sold the last of our originally four 2002 built suezmax tankers, the “Nordic Moon”.

The price is about $16 million net to NAT. The vessel will be delivered to the new owners during June 2022.

We plan to take delivery of a newbuilding from Samsung Shipyard in South Korea at the end of June. It will start on a six year contract as from delivery.

The first newbuilding from Samsung in this round was delivered to us in mid - May. The vessel started on a contract for 6 years when delivered from the yard. A strong balance sheet is essential. The NAT debt is low compared with other US listed tanker companies.

NAT is in a positive phase of development as illustrated in this message.

Gulf Oil and Gas
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