• 2016 June 22 14:13

  Nordic American Tankers to acquire four Suezmax tankers

  

  Nordic American Tankers Limited had entered into an agreement to acquire four top quality Suezmax tankers built in Japan. The second of these four vessels, the Nordic Castor, was delivered today. The third vessel is expected to be delivered within the end of June 2016 or in early July and the fourth vessel soon thereafter. The vessels will be immediately employed in the tanker market, impacting the cash flow positively.

  Following the delivery of these four vessels, Nordic American Tankers will have a fleet of 30 Suezmax vessels, including two newbuildings from Korea, scheduled for delivery in August 2016 and January 2017. The NAT fleet of Suezmaxes has a substantial earnings capacity.  Nordic American Tankers has no plans to issue equity in connection with this expansion to 30 vessels.

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