Double Hull Tankers, Inc. To Buy Suezmax Tanker For $90.3 Million

Double Hull Tankers, Inc. (NYSE: DHT) has agreed to acquire a 2000 built 153,000 deadweight tonne Suezmax tanker, the M/T Ottoman Dignity, for $90.3 million for delivery in the period between December 2007 and early February 2008. The vessel will be bareboat chartered to Overseas Shipholding Group, Inc. (NYSE: OSG) for ten years at $26,600 per day throughout the period.