NAT News and Press, Nordic American Tankers Limited From 06/16/21

Nordic American Tankers has seen a rough start to 2021 with negative operating cash flow leading to a $20m cash burn during the first quarter. Despite being less than ideal, it was already expected and whilst management thought there would be a recovery approximately two months ago, i...

Thursday, June 10, 2021 Dear Shareholders and Investors, Nordic American Tankers Limited today announced that its Board of Directors has scheduled the 2021 AGM to be held on July 19, 2021 at 10:00 a.m., Bermuda time, at 17, Bd Albert 1er, MC98000 Monaco. Th...

Calling the bottom in the oil tanker market, Evercore ISI's Jonathan Chappell upgrades Frontline (FRO) and DHT Holdings (DHT) to Outperform from In-Line and Nordic American Tankers (NAT) to In-Line from Underperform.Alongside Frontline, Chappell cites Euronav (EURN) and Teekay Tankers (T...

Nordic American Tankers (NAT): Q1 GAAP EPS of -$0.16 in-line.Revenue of $18.81M (-78.2% Y/Y) misses by $3.98M.Adj. EBITDA came in at -$1.3M for the first quarter 2021, compared to an EBITDA for the previous quarter of -$5.1M.Press Release For further details see: Nordic American Tankers...

Tuesday, May 25, 2021 Dear Shareholders and Investors, Enclosed is our report for the first quarter 2021. Sincerely, Herbjorn Hansson Founder, Chairman & CEO Nordic American Tankers Ltd.               ...

Friday, April 30, 2021 Dear Shareholders and Investors, Nordic American Tankers Limited ("NAT"), filed its 2020 Annual Report on Form 20-F with the United States Securities and Exchange Commission on April 29, 2021. The report is available for download on the SEC webs...

Normally, within each sector, there are some segments that are more attractive while others are less. We struggle to find such a segment within the Industrials sector, but one category does stand out above all others: Shipping. Not only is shipping the most attractive segment...

Nordic American Tankers ([[NAT]]) reported that Alexander Hansson, board director and son of NAT founder, chairman & CEO, purchased 40K shares at $3.16.Press Release For further details see: Nordic American Tankers board director purchases shares

In early-January, I posted a report calling for 2021 to be "the year for shipping." Despite a phenomenal year of earnings and free cash flow, most shipping stocks struggled during 2020 due to incorrect market perceptions. In 2021, the markets have finally figured out the underlyin...

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...