NAT Adds All Four Suezmaxes

Bermuda-based tanker owner Nordic American Tankers Limited (NAT) has taken delivery of Nordic Pollux, the final Suezmax tanker from a batch of four ships bought in May 2016.

Namely, the company purchased the four 150,000 dwt tankers from the Greek shipping firm Nereus Shipping for a price of USD 106 million, according to data provided by VesselsValue.

The tankers were built at a Japanese shipyard between 2000 and 2004.

In the course of 41 days, NAT has taken delivery of four vessels.

Following the delivery of these four vessels, the company owns a fleet of 30 Suezmax vessels, including two newbuildings from Korea, scheduled for delivery in August 2016 and January 2017.

“We have no plans to issue equity in connection with this expansion to 30 vessels, which amounts to a capital outlay of about USD 170 million,” NAT said, adding that the remaining commitments on the two newbuildings are USD 64 million.

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