| Business Summary | | Nordic
American
Tanker
Shipping
Limited
was
incorporated
on
June
12,
1995
under
the
laws
of
the
Islands
of
Bermuda
for
the
purpose
of
acquiring,
disposing,
owning,
leasing,
and
chartering
three
double
hull
Suezmax
oil
tankers
(the
Vessels).
Each
of
the
Company's
Vessels
is
a
1997-built,
151,459
dwt
(dead-weight
tons)
double
hull
Suezmax
oil
tanker
built
at
Samsung
Heavy
Industries
Co.
Ltd.
in
South
Korea.
Each
Vessel
is
chartered
to
BP
Shipping
Ltd.
pursuant
to
separate
"hell
and
high
water"
bareboat
charters. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Nordic
American
Tanker
Shipping
Ltd.
was
formed
for
the
purpose
of
acquiring,
disposing,
owning,
leasing
and
chartering
three
double
hull
Suezmax
oil
tankers
and
engaging
in
activities
necessary,
suitable
or
in
connection
with
the
foregoing.
For
the
six
months
ended
6/30/01,
revenues
rose
62%
to
$18.9
million.
Net
income
totaled
$14.5
million,
up
from
$7.2
million.
Results
reflect
continued
strength
in
the
market
for
Suezmax
tankers. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Herbjorn Hansson, 52 | Pres
and CEO | Niels Feilberg, 38 | VP,
Treasurer | Peter Bubenzer, 45 | Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|