NAT News and Press, Nordic American Tankers Limited From 08/01/22

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...

TNK has a fleet of 46 oil and product tankers that are predominantly traded in the spot market. Tanker rates continue to ratchet higher based on technical factors and Russian oil sanctions. TNK stands to benefit from tightening market, but NAT has a better cost structure. ...

Nordic American owns a fleet of 20 homogenous Suezmax tankers. Recent data indicates tanker rates are on the upswing based on technical factors due to Russian oil sanctions. Investors could be richly rewarded with NAT if the high tanker rates last for a prolonged period of time. ...

U.S. cude oil closed the week below $100/bbl for the first time since April, pushed down by recession fears, a stronger dollar and mounting COVID-19 cases in China, but continued physical market tightness suggests the drop may be overblown. WTI futures ( CL1:COM ) ended the ...

Gainers: ClearSign Technologies ( CLIR ) +12% , Atlas Technical Consultants ATCX +10% , Nordic American Tankers ( NAT ) +7% , Orion Energy Systems ( OESX ) +6% , Lightbridge ( LTBR ) +6% . Losers: United Maritime USEA -23% , Staffing...

Wednesday, July 13, 2022 Dear Shareholders and Investors, The press release we issued yesterday about recent contracts is now on our Homepage. www.nat.bm For contacts, please see at the end of this communication. CAUTIONARY STATEMENT REG...

Tuesday, July 12, 2022 Dear Shareholders and Investors, We are seing a strong improvement for our vessels. The fixtures also reflect waiting time. Our operating costs are about USD 7,500/day. The market improvement is clear: 8th July: Vessel fixed to Chin...

Nordic American Tankers (NYSE:NAT) announced that the suezmax tanker newbuilding vessel it took delivery recently from Samsung shipyard in South Korea was named Nordic Harrier. The second newbuilding, to be named Nordic Hunter, will be delivered in a few days and will...

Wednesday, June 29, 2022 Dear Shareholders and Investors, On May 13, 2022, we took delivery of the first of two recent suezmax tanker newbuildings from Samsung shipyard in South Korea. The vessel, which can carry one million barrels of oil, was named Nordic Harrier. ...

Gainers: CEA Industries (CEAD) +78%, Momentus (MNTS) +14%, Nordic American Tankers (NAT) +13%, System1 (SST) +13%, Archer Aviation (ACHR) +12%. Losers: Virgin Orbit (VORB) -9%, Sidus Space SIDU -8%, NN (NNBR) -8%, JE Cleantech (JCSE) -7%, Berkshire Grey (BGRY) -7%. For f...