Newbuilding Suezmax tanker delivered to Nordic American, increasing the fleet to 33 vessels. Expansion is important for NAT.

Hamilton, Bermuda, February 28, 2017

Nordic American Tankers Limited announced that it yesterday took delivery of Nordic Space, its second Suezmax newbuilding tanker of 158,000 deadweight tons, built at Sungdong Shipbuilding & Marine Engineering Co., Ltd., South Korea. The Nordic Space has started on her maiden voyage.

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Through disciplined financial management and a well-defined operating model, NAT now has a fleet of 33 Suezmax vessels, including three newbuildings to be delivered during the second half of 2018. Expansion of the fleet is important for NAT in order to increase earnings and dividend capacity.