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Stock impact report

Nordic American Tankers (nyse: Nat) –report as Per September 30, 2019. Tanker Upswing Continues.

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, November 25, 2019 Highlights:  We currently have the strongest tanker market that we have seen in decades. In our fleet of 23 suezmaxes, 21 are in the short term market, providing immediate benefit for nat. The fourth quarter is building a strong momentum for 2020. We expect this to continue.  Political frictions often lead to a stronger tanker market. As of the date of this report, about 70% of the spot trading days of our fleet for 4Q19 have been booked at an average TCE of $34,000/day. Spot rates are continuing its upward momentum. The Time Charter equivalent (TCE) for our ships for the third quarter came in at $15,900/day, which was better than both the second quarter this year at $14,800/day and the third quarter last year that saw $12,000/day.  Important structural changes stimulating demand for our suezmax tankers are taking place. New rules by the International Maritime Organization (IMO) coming into force on January 1, 2020 is one change. Oil Show less Read more
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