US-listed Nordic American Tankers (NAT) is reportedly in the process of ordering a series of suezmax tankers at Samsung Heavy Industries (SHI) in South Korea.

The ships will be built to a new design for delivery from late 2014 onwards,

Sources say NAT is going for two units with additional options but company president Herbjorn Hansson declines to comment.

The ships are expected to cost between $56m and $57m each.

NAT