NAT News and Press, Nordic American Tankers Limited From 07/28/21

Wednesday, July 28, 2021 Dear Shareholders and Investors, A few years ago, NAT winnowed its fleet from 33 vessels to 23 vessels. Last year the company ordered two newbuildings from South Korea. These two ships will be delivered to NAT in 2022. As described below the p...

Tanker rates and profits stand to appreciate in both upside and downside global economic scenarios and represent a very versatile trade. Tanker demand is not necessarily reflected by WTI future prices. Global oil production and barrels at sea are far more relevant. OPEC+ is rampin...

OPEC+ is celebrating the UAE disagreement didn't degenerate into a price-war but the costs are a big production increase anyway. The most important question was not answered, that is how to maintain only +400K bpd per month through 2022 when baseline increases allow 1.6M in May 2022. ...

Monday, July 19, 2021 Dear Shareholders and Investors, Nordic American Tankers Limited (the “Company”) (NYSE: NAT) conducted its Annual General Meeting of Shareholders (the “Meeting”) on July 19, 2021, in Monaco. The following resolut...

Monday, July 19, 2021 Dear Shareholders and Investors, Rates for our suezmax ships may change very quickly as communicated in the message below. 1) A few days ago we signed a contract for one of our suezmax vessels going via the Suez Canal from the West to the Eas...

Value Investor's Edge Live returns with this latest episode focused on the crude and product tanker segments of the shipping industry. Lois Zabrocky and Jeff Pribor, CEO and CFO of International Seaways, joined us in mid-June for a market chat and company update. INSW is in the mi...

Friday, June 25, 2021 Dear Shareholders and Investors, The international shipping association BIMCO has members representing 60% of the world’s commercial fleet measured in lightweight. BIMCO is based in Denmark. It has publicized a strong appeal to governments, ...

lcswart/iStock Editorial via Getty Images Plagued by the coronavirus pandemic, as well as the Suez Canal blockage, the shipping industry was just getting back on its feet before being dealt another blow. One of the biggest ports in the world called Yantian, was recently shut down because of C...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Overall, I am always in favor of holding some penny stocks in the portfolio. First and foremost, if the business gains traction, there is ample scope for stock upside. Furthermore, there are penny stocks that have been payi...

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...