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Nordic American Tankers Limited Message Board

  • natoil99 natoil99 Jun 2, 2014 9:48 AM Flag

    Two More Ships: Enhancing Dividend and Earnings

    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.

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    • "The acquisitions will be financed from the financial resources of the company." Really, that is so enlightening. Heck, I thought they got these vessels for free. They could have mentioned how they were going to pay for these vessels with cash or debt instruments, which may be useful knowledge.

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