Nordic American Tankers Limited had entered into an agreement to acquire two 2010 built ships for delivery to NAT in September and October 2015, the company said in its press release. The first of these two ships, the Nordic Light, was delivered on September 22. The second has now the name "Nordic Cross".
Following the delivery of "Nordic Cross", the Company will have a fleet of 26 Suezmax vessels including two newbuildings scheduled for delivery in 3Q2016 and in early 2017. The NAT fleet of Suezmaxes has a substantial earnings potential.
Going forward, NAT is seeking to increase its dividend and earnings capacity through further expansion.