NAT concluded a suezmax vessel contract with a rate of around $17,000. The customer is one of the largest oil companies in the world.
The operating costs for NAT’s ships are about USD 8,000 per day per ship.
The rate levels concluded in the last two contracts are significantly higher than market reports for the spot market suggest. It is a promising signal for the market going forward.
Rates for our suezmax ships may change very quickly.
NAT has 25 suezmax vessels, including two newbuildings, to be delivered in 2022. NAT is on an expansionary path going forward.
