Bermuda-based tanker owner Nordic American Tankers (NAT) has taken delivery of the second of two 2010-built Suezmaxes bought for US$122m back in July.

The first of the two vessels, Nordic Light, was delivered to NAT on Sept. 22.

The second was taken over on Oct. 29, and has been renamed to Nordic Cross.

Following the delivery of Nordic Cross, NAT will have a fleet of 26 Suezmax vessels, including two newbuildings scheduled for delivery in 3Q2016 and in early 2017.

"The acquisition represents a natural step in the further development of Nordic American. By adding two more ships, we increase the dividend capacity and earnings potential. We believe that our strong balance sheet, the dividend policy, well defined and transparent operating model provide NAT with a solid competitive position," NAT said in the announcement of the purchase.