Nordic American Tankers Limited (NAT) - NYSE
  • Sep. 18, 2012, 2:19 PM

    Nordic American Tanker (NAT -1.4%) acquires the remaining 50% shareholding interest in Orion Tanker Pool from Frontline (FRO -9.1%), effective January, 2013. Once the transaction closes, Orion will become a 100% subsidiary of NAT. FRO's nine suezmax vessels will leave Orion later this year after the shipper advised NAT that it wishes to be more flexible in the operation of its vessels.

    | Sep. 18, 2012, 2:19 PM | 8 Comments
Company Description
Nordic American Tankers Ltd. is an international tanker company. It owns and operates double hull crude oil tankers and Suezmax tankers. The company was founded on June 12, 1995 by Herbjorn Hansson and is headquartered in Hamilton, Bermuda.
Sector: Services
Industry: Shipping
Country: United States