Nordic American Tankers has adopted a shareholder rights plan known as a poison pill after its existing measures expired.
Despite rampant consolidation talk in the tanker sector, chief executive Herbjorn Hansson says there is nothing more to today's move other than the extension of the 10-year plan that was adopted in 2007.
"Old news. That is all," he said in an emailed response to TradeWinds' questions.
