Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


NAT inks time charter with BP

Nordic American Tankers (NAT) has inked another time charter with an oil major - this time BP.

The suezmax tanker owner said it had entered into a two-year time charter with BP. It described the rate of the charter as “minimum rate is well above our cash break-even level with an index linked formula providing for upside potential”.

The charter starts in mid-September.

NAT now has five vessels on charter to oil companies with contracts with Shell and ExxonMobil in addition to the latest with BP.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.