NATS: Seven Vessels in Services

Thursday, August 11, 2005
Nordic American Tanker Shipping Ltd. has taken delivery of the suezmax vessel that it agreed to acquire on June 24, 2005 thereby increasing the fleet from 6 to 7 suezmax vessels. The 1998 built suezmax Nordic Discovery, a sister vessel of Nordic Fighter, was taken over yesterday August 9, 2005. The vessel is employed in the spot market. The unused revolving credit facility of $300 million has been drawn upon to finance this transaction. The increased fleet represents an important step in the further development of the company.
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