Nordic American Tankers Ltd (NYSE: NAT) - tanker market up strongly
Nordic American Tankers Limited (NAT)
Last nordic american tankers limited earnings: 2/18 06:51 am
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US:NYSE Investor Relations:
nat.bm/investor-relations
Company Research
Source: GlobeNewswire
Bermuda October 11, 2018 Recently, the tanker industry has suffered from deteriorating earnings, lower dividends and stock prices. We are happy to inform our friends that the spot market for our ships now has tripled from just a few months back, and doubled just from 10 days ago. That's good for all of us. Just to illustrate, here is a snapshot at months beginning, of reported TCE earnings from West Africa (one of our main routes) during 2018: 1st January 2018 TCE rates ~$6000/day4th April 2018 TCE rates ~$4000/day2nd July 2018 TCE rates ~$6000/day1st October 2018 TCE rates ~$9600/dayYesterday 10th October TCE ~$20600/day This means a world of difference. If spot markets increase another 25% and stays there for 12 months, we could earn 25% of our market cap in a year. Spot market earnings are volatile, but volatility is usually a sign of an improved underlying market balance and we have been firm believers in a market turnar
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News
- Nordic American Tankers Ltd (NYSE: NAT) – Alexander Hansson buys more NAT sharesGlobeNewswire
- Nordic American Tankers: Bet On A Strong Suezmax Market For Dividend Seekers [Seeking Alpha]Seeking Alpha
- Does Nordic American Tankers (NYSE:NAT) Deserve A Spot On Your Watchlist? [Yahoo! Finance]Yahoo! Finance
- Nordic American Tankers Ltd (NYSE: NAT) – Alexander Hansson buys more NAT shares [Yahoo! Finance]Yahoo! Finance
- Nordic American Tankers Ltd (NYSE: NAT) – Alexander Hansson buys more NAT sharesGlobeNewswire
NAT
Earnings
- 2/29/24 - Miss
NAT
Sec Filings
- 3/1/24 - Form 6-K
- 2/2/24 - Form SC
- NAT's page on the SEC website