NAT Adds First of Two Suezmaxes

Nordic American Tankers Limited (NAT) has taken delivery of the first of two 2010-built Suezmaxes bought from an unnamed party back in July for USD 122 million.

The first tanker has been renamed Nordic Light. The delivery of its sister ship is expected to take place during October.

Following the delivery of the second tanker, NAT will have a fleet of 26 Suezmax vessels including two newbuildings to be delivered in August 2016 and in early 2017.

”By adding two more ships, we increase the dividend capacity and earnings potential. We believe that our strong balance sheet, the dividend policy, well defined and transparent operating model provide NAT with a solid competitive position,” NAT said in a purchase announcement back in July.

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