Nordic American Tankers signs LOI to build two Suezmax vessels in South Korea

* Nordic American Tankers (NAT [https://seekingalpha.com/symbol/NAT]) agreed to a letter of intent involving the construction of two Suezmax tankers at a South Korean shipyard, the company said [https://seekingalpha.com/pr/20289135-nordic-american-tankers-ltd-nyse-nat-newbuildings] on Monday.
* Deliveries are planned for the second half of 2028.
* The price of the ships is $86 million each. The final contract is expected to be signed in early 2026.
* Nordic American Tankers (NAT [https://seekingalpha.com/symbol/NAT]) down 3.3% premarket.

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* Historical earnings data for Nordic American Tankers [https://seekingalpha.com/symbol/NAT/earnings]