Nordic American Tanker’s one of their Samsung built suezmaxes, the Nordic Zenith, has obtained a term contract with the Norwegian energy company Equinor. The new contract is expected to commence on expiration of the present spot employment and it could last 12 to 15 months.
According to NAT’s press release, the company’s 158,600 dwt crude oil tanker Nordic Zenith would be chartered for a period of twelve to fifteen months. The new contract is expected to commence on expiration of the present spot employment.
The contract has a value between USD 9 million and USD 11 million depending upon the detailed scheduling of the vessel. The contract is producing positive cashflow and earnings for NAT, cementing the relationship with Equinor.
Going forward, we sense a strong upward trend for the tanker industry. NAT is in a positive phase of development.
… NAT commented.
