Nordic American Tankers (NAT) announced it has sold a 2003-built suezmax tanker for $21 million net. The buyer is a major international energy company, NAT said without disclosing the name of the company.
The vessel will be delivered to its new owner in the fourth quarter of 2022.
NAT said it will use the cash proceeds from the sale to reduce its debt as the company aims to become debt free.
British oil and gas major Shell on Tuesday settled a London lawsuit it brought against environmental group Greenpeace after activists boarded a Shell
Shipments of iron ore on the Great Lakes totaled 4.3 million tons in November, a decrease of 4.7 percent from 2023. Shipments…
India's Adani Ports and Special Economic Zone Ltd said on Tuesday it would finance its Colombo port terminal project through internal accruals and a capital management plan…
With a strike possible again next month at East Coast and Gulf Coast container ports and President-elect Donald Trump planning to increase tariffs…
Hapag-Lloyd reduces emissions & costs through Shipshave’s ITCH solution, confirmed by DNV
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For the first time ever, Military Sealift Command is hosting a virtual job fair to reach US Citizens in the Philippines who are interested in a maritime career.
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