Nordic American Tankers has dropped plans for a bond issue suggesting it is not in the suezmax owner’s best interests.

NAT could sell one-third of its tankers if financing plan fails
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Herbjorn Hansson’s NAT had been mulling a "large" secured bond offering or a $250m revolving credit facility alongside a $150m unsecured bond.

In a statement to investors today NAT said the bond issue would not go ahead.