Overview and fleet history: Only Suezmax crude tankers
Nordic American Tankers Limited (“NAT”) was incorporated in Bermuda in 1995. In September 1995 NAT sold securities to the public in the US and in Europe. The shares are today trading at the New York Stock Exchange (“NYSE”).
The proceeds from the first offering were used to acquire three new Suezmax built at Samsung Heavy Industries Co. Ltd. The three vessels Nordic Hawk, Nordic Hunter and Nordic Harrier were all delivered during the autumn of 1997 and commenced a seven-year bareboat charters to British Petroleum immediately after delivery. NAT’s bye-laws restricted the company from acquiring additional vessels or concluding other business during the charter to BP.
As the BP charters were close to expiry, an Extraordinary General Meeting was called for in March 2004 to decide if NAT should continue as an active operating company in October 2004. An overwhelming majority of the shareholders voted to continue, and in October 2004 the charter to BP expired, the restricting bye-laws were effectively changed and NAT became an active operating company.
In November 2004, we acquired the Nordic Voyager.
In January 2005, we purchased the Nordic Fighter.
In February 2005, we bought the Nordic Freedom.
In August 2005, we acquired the Nordic Discovery.
In March 2006, we purchased the Nordic Apollo.
In July 2006, we bought the Nordic Cosmos.
In July 2006, we acquired the Nordic Moon.
In November 2007, we purchased the Nordic Saturn and Nordic Jupiter delivered in 2010.
In January 2009, we bought the Nordic Mistral.
In May 2009, we acquired the Nordic Passat.
In October 2009, we purchased the Suezmax tanker Nordic Sprite.
In November 2009, we bought the Nordic Grace.
In April 2010, we ordered the two newbuildings Nordic Breeze and Nordic Zenit at Samsung Heavy Industries which were delivered in 2011.
In September 2011, we acquired the Nordic Aurora.
In November 2013, NAT created and sponsored the OSV Company Nordic American Offshore Ltd. (NAO). The company had an IPO on the New York Stock Exchange in June 2014. NAT later exited this investment.
In December 2014 we ordered the two new tankers, Nordic Star was delivered in September 2016 and the last Nordic Space will be delivered in January 2017.
On May 2, 2016 we purchased the Nordic Castor, Nordic Pollux, Nordic Sirius and Nordic Luna.
On September, 2016, NAT announced it had ordered three new tankers to be delivered during the second half of 2018.
During 2018 we adjusted our fleet by selling 10 of our more vintage vessels in conjunction with taking delivery of the three new suezmaxes ordered at Samsung Heavy Industries in 2016.
On September, 2020, NAT announced it had ordered two new tankers to be delivered during the first half of 2022.
Late 2021 we sold one vessel and during 2022 we sold further five ships.
During 2022 we added the two new suezmaxes, ordered in 2020 to our fleet.
As of today the Nordic American Tankers fleet counts 19 suezmax tankers.
It is our ambition to grow the fleet at an opportune time.