Join our crew and become one of the 104,883 members that receive our newsletter.

nordic zenith

Nordic American Tankers Places Suezmax Order

GCaptain
Total Views: 9
December 9, 2014

Nordic American Tankers Ltd announced today that it has entered into a preliminary agreement with South Korean shipyard Sungdong Shipbuilding & Marine Engineering Co., Ltd. to build two 158,000 deadweight ton Suezmax tankers at a cost of $65 million each.

Deliveries are planned for the third quarter 2016 and the first quarter 2017.

“This is an important step forward for Nordic American,” said Herbjørn Hansson, the Chairman & CEO of the Company. “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.”

Tags:

Unlock Exclusive Insights Today!

Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.

Sign Up
Back to Main
polygon icon polygon icon

Why Join the gCaptain Club?

Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.

Sign Up
close

JOIN OUR CREW

Maritime and offshore news trusted by our 104,883 members delivered daily straight to your inbox.

Join Our Crew

Join the 104,883 members that receive our newsletter.