Thursday, Nordic American Tanker Shipping Ltd. (NAT) announced an underwritten public offering of 4 million common shares. The proceeds of the offering are expected to be used to fund future acquisitions and for general corporate purposes. The company has granted the underwriters a 30-day option to purchase up to 600,000 additional shares to cover over-allotments
The company noted that the proceeds of the offering announced today, together with other financing sources available to it, are expected to enable it to make accretive acquisitions, based on present asset prices, of at least four additional vessels. Morgan Stanley is acting as the bookrunning manager for the offering and DnB NOR Markets, Inc. is acting as co-manager of the offering.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.