NAT Buys 2 Suexmax Tankers
Nordic American Tankers Limited (NAT) acquires two modern Suezmax tankers, increasing the fleet to 26 vessels
Tanker shipping company NAT announced that it has agreed to acquire two Far East built Suezmax tankers for a total price of approximately $122 million.
The vessels, with an average age of five years, are expected to be delivered to NAT in September and October 2015. NAT said it does not plan to issue equity to finance these two vessels.
According to NAT, the acquisition represents a natural step in the company’s development as the addition of two more ships increase its dividend capacity and earnings potential.
