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NAT inks time charter with BP

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

Marcus Hand, Editor

September 5, 2017

1 Min Read
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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.

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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