NATSL orders Suezmax pair
Nordic American Tanker Shipping Limited (NATSL) announced that it has entered into a preliminary agreement with Samsung Heavy Industries to build two Suezmax tankers of 158,000 dwt to be delivered to the Company in the third and fourth quarters of 2011.
The purchase prices of the two newbuilding vessels are $64.5/$65.0m, with about half to be paid on the signature of the definitive contracts and the balance to be paid on delivery. The advance payments will be guaranteed by a first class financial institution.
Assuming no other acquisitions or dispositions, the delivery of the newbuildings will increase the company’s fleet to 20 modern double hull Suezmax tankers by the end of 2011.
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