It is Spain’s Cepsa that is splashing the cash on a Nordic American Tankers suezmax.

Tanker owners searching for value may have found it at shipyards as ordering surges
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Broker reports revealed the Madrid-based oil and gas outfit is the charterer behind the “mid-high 30s” fixture the company announced last week — pegging the rate at $36,000 per day and naming the ship as the 157,587-dwt Nordic Space (built 2017).