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Stock impact report

Nordic American Tankers Limited (NYSE:NAT) - Fixed 3-year time charter (TC) plus options for one of the NAT suezmax newbuildings, producing cashflow and earnings.

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
Hamilton, Bermuda, June 13, 2018 To shareholders and investors, We have previously commented upon the relationships NAT has with important major customers.  We would now like to inform you that one of our three Samsung suezmax newbuildings, scheduled for delivery in August 2018, has obtained a TC contract.  We have entered into a 3-year fixed time charter contract with the first-class charterer, Equinor (formerly; Statoil) of Norway. The contract is expected to commence in the autumn of 2018.  Over the years, NAT has taken delivery of several newbuildings from Samsung Shipyard in South Korea. The contract has a base rate of $21,000 per day, producing positive cashflow and earnings.  The time charter includes two optional periods that could extend the TC contract into 2023. Major oil and gas companies, including oil traders both in the West and the East, are prioritized customer groups for NAT.    Going forward, we sense an upward trend for the tan Show less Read more
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