Suezmax Vessel Delivered to NAT

Nordic American Tankers Limited (NAT) took delivery of its 21st Suezmax vessel, the Nordic Sprinter, built in 2005 at a shipyard in Korea. NAT agreed to purchase the vessel along with its sistership for $36.5 million each.

NAT expects the delivery of the second vessel in early August 2014, bringing the company’s fleet to 22 Suezmax vessels in operation.

Going forward, NAT said it is “seeking to increase its dividend and earnings capacity through further expansion when the time is right to do so.”

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