NAT News and Press, Nordic American Tankers Limited From 04/06/21

Nordic American Tankers (NAT) +1.5% pre-market after CEO Herbjorn Hansson says the company expects an increase in rates for its ships "in the weeks rather than months ahead" following the recent blockage of the Suez Canal.In a letter to shareholders and investors, Hansson says the immedi...

Tuesday, April 6, 2021 Dear Shareholders and Investors, On 24th of March 2021, one of the largest ships in the world blocked the Suez Canal. The ship was blocking the canal until Monday, March 29, about a week after the closure. Already Thursday, March 25, we comm...

Nordic American Tankers reduced their dividends done to the bare-bones early in 2021 following a very rough end to 2020. During the fourth quarter of 2020 they saw their earnings and operating cash flow turn negative. Whilst this downturn is due to the oil market rebalancing, the ...

Stocks struggled for direction this week as the dearth of earnings news and economics releases left investors with no clear narrative to grab hold of. Covid concerns weighed on risk assets at the start of the week and bonds actually rallied for a change. That reversed toward the end of the we...

Shares of Nordic American Tanker (NYSE: NAT) jumped as much as 19.8% in trading on Friday after getting some good news from management. At 1:50 p.m. EDT, shares are up 13.8% and look to end the week on a positive note. Yesterday, Founder and CEO Herbjorn Hansson sent a note to i...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips We’ve got a new Suez Canal crisis on our hands today. This time, the crisis involves a blockage of the canal by a massive cargo ship that has run aground. Today, shipping stocks such as Nordic American Tankers ...

Gainers: FreightCar America (RAIL) +22%. Nordic American Tankers (NAT) +16%. PaySign (PAYS) +9%. Ultralife (ULBI) +9%. Daseke (DSKE) +8%.Losers: Antelope Enterprise (AEHL) -11%. Lightbridge (LTBR) -9%. RCM Technologies (RCMT) -9%. Cemtrex (CETX) -8%. DIRTT Environmental Solutions (D...

Shipping rates are surging and companies are considering more costly alternative routes around Africa, as the blockage of the Suez Canal wreaks havoc in the global seaborne trade.According to Bloomberg, the cost to ship a 40-ft. container from China to Europe has climbed to ~$8K, up nearly 4x...

March 25, 2021 Dear Shareholders and Investors, NAT is a Suezmax specialist – each vessel of 150,000/160,000 tons can carry one million barrels of oil. Our fleet consists of 25 Suezmax tankers (including 2 newbuildings). A Suezmax tanker is the largest tan...

The cost of shipping oil around the world is on the rise this week, and if you think that might be good news for oil tanker stocks , you're right! As of 3:20 p.m. EST Wednesday, shares of Nordic American Tankers (NYSE: NAT) are up a strong 8%, Teekay Tankers (NYSE:...