NAT News and Press, Nordic American Tankers Limited From 05/13/22

Nordic American Tanker (NYSE:NAT) took delivery of a newbuilding suezmax tanker, ~150K tons, from Samsung Heavy Industries in South Korea. The vessel will commence a contract for six years to ASYAD Shipping Company of the Sultanate of Oman. The contract is producing earnings and cas...

May 13, 2022 Dear Shareholders and Investors, Early this morning, we took delivery of a newbuilding suezmax tanker from Samsung Heavy Industries in South Korea. The vessel is about 150,000 tons and has the name of Nordic Harrier, which was the first NAT s...

Oil and gas equities plunged Monday, with the S&P energy sector (NYSEARCA:XLE) tumbling to the bottom of the day's standings, as crude oil futures fall ~5% from pressure on multiple fronts. June WTI crude (CL1:COM) -5.1% to $104.20/bbl, and July Brent crude (CO1:COM) -4.7% to 107.04/bbl. ...

Gainers: Sidus Space SIDU +54%, Sky Harbour Group (SKYH) +23%, Compass Diversified (CODI) +10%, Terran Orbital (LLAP) +10%, Universal Logistics (ULH) +7%. Losers: Bloom Energy BE -18%, Construction Partners ROAD -9%, Viad (VVI) -9%,Nordic American Tankers (NAT) -9%, T...

Tuesday, May 3, 2022 Dear Shareholders and Investors, We wish to update you on activities for our suezmax vessels being able to load one million barrels each. In early April we fixed a ship over 12 days at USD 65,800 a day. In mid April we fixed a ship at USD 60,000 ...

Nordic American Tankers (NYSE:NAT) announced that it will add to its fleet - a Suezmax vessel; it will be delivered from Samsung Heavy Industries in South Korea on May 13, 2022. The fleet will commence on a time charter contract for six years to a first class company in the Sultanate of&...

Friday, April 29, 2022 Dear Shareholders and Investors, We are pleased to inform that we will have an addition to our fleet delivered to us from Samsung Heavy Industries in South Korea. The new Suezmax will delivered May 13, 2022 and it will commence on a time charte...

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Shares of Nordic American Tankers (NYSE: NAT) jumped as much as 14.1% on Wednesday on speculation that tanker demand will increase this year. Shares of the oil tanker stock closed the day up 12.9%. Tanker stocks had a strong day after Germany said it could be close to being ...

Euronav (NYSE:EURN) +2.2% on Wednesday even after Jefferies downgraded shares to Hold from Buy with a $12 price target, cut from $13, as tanker and shipping stocks are rallying on reports that Russia will halt gas flows to Poland and Bulgaria, as tankers will be needed to ship incremental gas...