We Don’t Need No Equity

In contrast, Nordic American Tankers, in its report for the 2nd quarter, announced that it has ample financial capacity to increase its fleet to 24 vessels (currently the company has 16 vessels on the water and 4 newbuildings to be delivered in 2010/2011), based upon today’s ship values, without tapping the equity markets.

This is only an excerpt of We Don’t Need No Equity

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.