NATSL orders Suezmax pair

The purchase prices of the two newbuilding vessels are $64.5/$65.0m, with about half to be paid on the signature of the definitive contracts and the balance to be paid on delivery. The advance payments will be guaranteed by a first class financial institution.

Assuming no other acquisitions or dispositions, the delivery of the newbuildings will increase the company’s fleet to 20 modern double hull Suezmax tankers by the end of 2011.