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Stock impact report

Nordic American Tankers (NYSE: NAT) - The 2nd Quarter 2018 report - A busy quarter

Nordic American Tankers Limited (NAT) 
Last nordic american tankers limited earnings: 2/18 06:51 am Check Earnings Report
US:NYSE Investor Relations: nat.bm/investor-relations
Company Research Source: GlobeNewswire
Link to the complete 2nd Quarter 2018 report:http://hugin.info/201/R/2210734/860760.pdf Hamilton, Bermuda, August 14th 2018 Highlights: On July 25, 2018, we announced our 84th consecutive quarterly dividend ($0.02 per share). This is an unparalleled dividend performance in the volatile tanker industry. With improved market conditions, higher dividends can be expected. The time charter equivalent for our vessels during 2Q2018 was $10,500 per day per ship. In 1Q2018 it was $11,200 per day per vessel and in 2Q2017 it was $16,100 per day per vessel. In June we entered into a 3-year fixed time charter contract with a major energy company for our second newbuilding for delivery in August this year. The contract is expected to commence in the autumn of 2018 and has a base rate of $21,000/day.  Two optional periods at higher rates could extend the TC contract into 2023. On July 10, 2018 we took delivery of the first of our three newbuild Suezmax vessels fro Show less Read more
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