Nordic American
Tankers Limited NAT ("NAT" or the "Company") today announced
that the Company has entered into a preliminary agreement to acquire
its twenty-first vessel, a very modern double-hull Suezmax tanker
delivered from a top yard in South Korea earlier this year. The
agreed purchase price is in the region of $55 million. This first
class vessel is expected to be delivered to us no later than May 15,
2013. The acquisition will be financed from the financial resources
of the Company.
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