NYSE:NATOil and Gas
Is Nordic American Tankers (NAT) Using Fleet Renewal To Quietly Redefine Its Balance Sheet Strategy?
Nordic American Tankers recently agreed to sell a 2003-built Suezmax tanker for US$25,000,000 net, a vessel that carries no debt and reflects the company’s focus on balance sheet strength.
This sale, alongside earlier disposals of two mid-2000s Suezmaxes and preliminary orders for two newbuilds delivering in 2028, underlines an ongoing fleet renewal effort.
We’ll now examine how this debt-free tanker sale and broader fleet renewal effort shape Nordic American Tankers’ investment narrative...