NAT News and Press, Nordic American Tankers Limited From 09/06/22

Shares of ocean-going oil tanker company Nordic American Tankers (NYSE: NAT) soared in afternoon trading Tuesday, rising 10.2% through 1:30 p.m. ET after receiving an upgrade from investment bank Jefferies Group -- more than enough of a gain to reverse the stock's losses aft...

Tuesday, September 6, 2022 Dear Shareholders and Investors, The situation associated with the war between Russia and Ukraine is difficult to assess in detail. However, it is a general experience that uncertain times are good for Nordic American Tankers. Our suezmaxe...

Shares of ocean-going oil tanker company Nordic American Tankers (NYSE: NAT) tumbled 12.2% through 2:15 p.m. ET on Tuesday. The company reported its second-quarter earnings results, meeting analyst targets for earnings, but missing badly on revenue. Heading into the quarterl...

Tuesday, August 30, 2022 Dear Shareholders and Investors, Alexander Hansson, Board Member of Nordic American Tankers Ltd (NAT) and son of Herbjorn Hansson, the NAT Founder, Chairman and CEO, has today bought 175,000 shares in NAT at $2.3665 per share. Followin...

Nordic American Tankers press release ( NYSE: NAT ): Q2 GAAP EPS of -$0.02 beats by $0.02 . Revenue of $34.75M (+107.5% Y/Y) beats by $4.57M . "The average time charter equivalent (TCE) for our fleet during the second quarter of 2022 came in at $20,080 per day ...

Tuesday, August 30, 2022 Dear Shareholders and Investors, Please see HIGHLIGHTS and the enclosed 2Q 2022 report below. Highlights: The average time charter equivalent (TCE) for our fleet during the second quarter of 2022 came in at $20,080 pe...

Benchmark earnings for very large crude carriers neared $40K/day on Wednesday to hit the highest level since June 2020, Bloomberg reports. Assessments in the Worldscale system have jumped almost 40% since early last week, likely due to increased shipments from the Middle East an...

Monday, August 15, 2022 Dear Shareholders and Investors, Below are the latest contracts for our suezmax ships, showing the level of the market. The rates we experience now are far above recent quarters. 12th Aug.: Vessel fixed on subjects to US Oil Major...

Thursday, August 4, 2022 For Shareholders and Investors, Saudi Arabia’s Crude Oil Production is at levels only seen twice in history. This is good news for tanker transportation demand. For the graphic illustration, please see our web site: www.n...

With the tanker sector finally on the rise after a difficult year-and-a-half, prices for newbuilds and secondhand tonnage are now "on a tear ," a new report from tanker broker Poten & Partners said, according to Splash247.com. VLCC newbuilding prices have climbed to $119M fr...