Bermuda-based Nordic American Tankers (NAT) is planning to sell two of its older Suezmaxes, thus reducing its fleet size to 31 tanker vessels.

Nordic American Tankers to Sell Tanker Pair 

NAT described the move as a means of “retaining the flexibility of NAT going forward”.

"We expect that the sales will take place over the next couple of weeks. From a Far Eastern shipyard, we have 3 newbuildings joining our fleet in early July, end of August and end of October 2018 – 3 vessels in total.  The adjustment of our fleet should be seen in this light," said a press release. 

"Our solid vetting performance, i.e. inspections of the ships by the oil companies continue.  We regard our customers together with our shareholders as the main constituencies of NAT.  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 going forward," it said. 

Nordic American Tankers is a shipping company focused on Suezmax crude tankers, each of which can carry up to 1M barrels of oil.