Nordic American Tanker announces acquisition of two Suezmax tankers Nordic American Tankers announced that the company has agreed to acquire two Suezmax vessels, delivered from a top shipyard in 2005. The agreed purchase price is $36.5M each. The vessels are expected to be delivered to us no later than August. The acquisitions will be financed from the financial resources of the company. Including the delivery of the current acquisitions, NAT will have a fleet of 22 Suezmax vessels - enhancing our dividend and earnings capacity. The acquisition represents a natural step in the further development of NAT. The company will seek to increase its dividend and earnings capacity through further expansion, when the time is right.
Nordic American Tankers increases ownership of Nordic American Offshore NAT has increased ownership in NAO to 19.2% the first two days of this week from 18.0% in December 1. The recent aggregate NAT purchase of 488,216 shares in NAO amounts to an investment of $5.8M. The shares were bought at prices ranging from $12.89 to $10.39 per share. NAO has 23,431,370 shares in issue. Nordic American Offshore Ltd. is a separate and independent company of NAT. A subsidiary of NAT is the business manager of NAO as it is for NAT.