Nordic American Tankers Signs Two Deals With Shell Oil

Nordic American Tankers Signs Two Deals With Shell Oil

Nordic American Tankers said Wednesday it signed two time-charter arrangements with Shell Oil for a period of 18 months for each vessel, commencing August/September this year. Shares climbed more than 2% intraday. The terms of the confidential contracts include upside for both parties as well as downside protection, the company claimed in a statement. Nordic now has three time-charter deals with Shell and six such pacts with large oil companies, […]

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