Nordic American Tanker Shipping limited announces public offering of common shares
BERMUDA-registered tanker operator Nordic American Tanker Shipping has made a public offering of 5,000,000 common shares plus an over-allotment option of 750,000 common shares.
At the same time the company has that it expects its dividend per share for Q3 will be in the range of US$1.28 to US$1.31 per share and its earnings per share for the third quarter of 2006 will be in the range of US$0.92 to US$0.95 per share.
These forecast figures are than for Q2 when dividend per share was US$1.07 and earnings per share were US$0.68 per share.
Nordic American also announced that one of its vessels, which it did not name, was involved in a “minor incident” with another vessel in Brazil resulting in minor hull and ballast tank damage but no pollution or personal injuries. The company said that incident is expected to be covered by insurance except for applicable deductibles and loss of hire. It added: “The expected dividend and earnings per share in respect of the third quarter of 2006 stated in this release take into account the effects of this incident.”