Nordic American Tankers denies responsibility for beaching

The shipping company claims that it has acted "100 percent correctly" in its conduct, even though two of the carrier's former vessels ended up on a beaching yard for scrapping, reports Dagens Næringsliv.

Photo: Nordic American Tankers

Nordic American Tankers (NAT) suggests there was a violation of a purchase contract which resulted in two of its former vessels ending up at notorious beaching yard Chittagong in Bangladesh, reports Norwegian media Dagens Næringsliv.

In a series of articles, the newspaper has reported that ten of NAT's former vessels ended up at beaching yards in Southeast Asia. Most recently, the media reported that two vessels sold in November were beached at the Chittagong yard this week – the latest news prompted pension fund KLP to blacklist the carrier as a future investment opportunity.

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