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Sunday, December 4, 2016

Nordic American Tanker Shipping to Buy Another

July 17, 2006

Nordic American Tanker Shipping Ltd. announced that the Company has agreed to acquire its tenth Suezmax vessel, a 150,000 dwt double-hull tanker built in a first class Far Eastern shipyard in 2003, for a purchase price of $80.9 million. The vessel is expected to be delivered from the seller no later than November 2006. The new vessel will be operated in the spot market or on spot market-related charters, like eight of our current nine vessels.


 
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