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NAT orders suezmax pair for $130m

NAT orders suezmax pair for $130m
Nordic American Tankers (NAT) has contracted Sungdong Shipbuilding & Marine Engineering in Korea for two 158,000 dwt suezmax tankers for approximately $65m each.  

The vessels, to be delivered in the third quarter 2016 and the first quarter 2017, will bring NAT’s tanker fleet up to 24 ships.

 

"This is an important step forward for NAT," said Herbjørn Hansson, chairman & ceo. "By adding two more ships, we increase the dividend capacity and bolster our earnings potential. We believe that our solid balance sheet as well as our well-defined and transparent operating model are elements supporting the competitive position of the company."