Nordic American Tankers Ltd (NAT)

[krobar]

This baby is cranking. Wished I’d bought more.

[A1stockman]

It's moving good, news must be brewing.

[krobar]

No idea but I’m loving my recent buy. Wahoooo

[A1stockman]

Nice spike....news?

[conix]

NAT needs to show that they have financial ability to INCREASE the dividend.

If they can, there will be more investors like you willing to buy in.

GLTU

[krobar]

Bought in today at the suggestion of a friend. Helluva dividend.

[Eurotradr]

Clarkson's Report:
https://www.nat.bm/wp-content/uploads/2021/02/Weekly-freight-rates-210205.pdf

https://fearnpulse.com/
Suezmax

An armada of Eastern ballasters appears to have sealed the fate of West Africa and the MEG, at least as far as the third decade of February is concerned . The obvious effect is that TD20 will trade down to the low W50's whilst a Wafr/East run will be lucky to hold onto high W50's/low W60's tops. However, it's not all doom and gloom as was highlighted in the Caribs last night. The prompt nature of the USG and Caribbean market has afforded it some insulation from the marauding ballasters. An East Coast Mexico/TA run was booked at 145kt x W50, which highlights that pockets of opportunity do remain, however bleak the macro picture looks. MEG/EAST will correct down to low/mid W50's on modern and TD23 will follow this trend finding a home at low/mid teens
-------

https://www.hellenicshippingnews.com/weekly-tanker-time-charter-estimates-february-03-2021/

Weekly Tanker Time Charter Estimates, February 03 2021

in Report / Analysis,Weekly Tanker Time Charter Estimates 03/02/2021

On the crude side, the period market has picked up this week with some short-term fixtures reported but rate levels remain low. The average for a VLCC for one-year remains at $27,500/pdpr.

The clean market has been quiet with little enquiry in the LR2 and LR1 sectors. The MRs have experienced some activity in the west, rates for one year hover around $12,250/pdpr.

Oil prices moved up to the highest levels in a year earlier this week based on improving sentiment and market fundamentals.

[conix]

NAT Chart

[conix]

Euro, have the tanker rates moved up recently?

Thanks in advance for any reply.

[ED25]

NAT $$$$

[A1stockman]

Looking good

[conix]

Thanks....chart could change for the better pretty quickly.

[A1stockman]

Nice find

[conix]

It may be because NAT is heavily shorted.

https://www.nakedshortreport.com/company/NAT

Squeeze?

[A1stockman]

They must know something.

[erik007]

Blackrock released statement of ownership with 8.4 million shares, 5-6% of Nat'capital
That's absolutely great

[A1stockman]

This is looking good

[A1stockman]

Looking good

[Eurotradr]

Nordic American Tankers Ltd (NYSE: NAT) – Low/decreasing oil price and political uncertainty are good for our Suezmax tankers

December 21, 2020

Dear Shareholders and Investors,

Last week we commented on the strong economic development in Asia. This is a contrast to the uncertainties elsewhere in the world.

Regional imbalances in demand, combined with a decreasing price of oil that we now see, stimulate transportation of oil that our Suezmax tankers carry.

This is all good for our tankers.

Sincerely,
Herbjorn Hansson

Founder, Chairman & CEO

Nordic American Tankers Ltd. www.nat.bm

[Eurotradr]

December 15, 2020 - Dear Shareholders and Investors,

Last week, the undersigned received an Award from the President of the Republic of Korea (South Korea) for our promotion of the country over the years.

Because of the Covid-19 situation, I was unable to visit the Palace of the President in Seoul. Instead, I received the Award at a ceremony in the South Korean Embassy in Oslo, Norway. The Korean Ambassador to Norway, Her Excellency Mrs. Youngsook NAM, presented the Award. A recording of the ceremony is on our website www.nat.bm

Our relationship with South Korea and other countries in Asia has always been important for NAT. We see this Award as a token of our work in the region. We are actively trading our ships in the East.

Despite a temporary slowdown in the fourth quarter, we expect that 2020 will become a very good year for NAT. We see that the Asian economies are recovering rapidly.

In particular to all our friends in the US, on behalf of Nordic American Tankers, I would like to take this opportunity to wish you all the best for Christmas and for a strong Tanker Year in 2021!

Best regards,
Herbjorn Hansson
Founder, Chairman & CEO

Nordic American Tankers Ltd. www.nat.bm

[Eurotradr]

Nordic American Tankers Ltd (NYSE: NAT) – Purchase of shares by NAT board member Alexander Hansson

December 10, 2020

Dear Shareholders and Investors,

Alexander Hansson has today bought 45,000 shares in NAT at $ 3.29.
He is a Director of the board of NAT. He is son of Herbjorn Hansson, the NAT Founder, Chairman & CEO.

Best regards,

Herbjorn Hansson

Founder, Chairman & CEO

Nordic American Tankers Ltd. www.nat.bm

[conix]

Borrowing to pay the dividend is not a long term solution.

[Eurotradr]

Nordic American Tankers Ltd (NYSE: NAT) – Covid - Dividend - Scrubbers - December 1, 2020

Dear Shareholders and Investors,

The question of Covid-19 is often in focus. We addressed this in the first quarter of 2020, informing you that we did not see important implications for NAT from the Covid virus. We noted in our messages to you that the future of the tanker market to a large extent is dependent upon the Far East, where economic growth is sound. We are upholding this view. For us it is a question of transportation distance (ton miles), not necessarily the volume of oil itself. We see every day the strong push we have from the Far East. This is encouraging.

Secondly, we assure you that NAT will continue to be a dividend company. We have paid dividend every quarter since the first NAT vessels were delivered to us in 1997. We shall continue on this path. While recognizing that dividend is a reflection of our earnings, we are optimistic on the future of the tanker market and the impact on NAT.

Thirdly, already in October 2017 we informed you that the so called scrubber (Exhaust gas cleaning) installation is outside the scope of our activity. We did not wish to go for scrubbers above all because our philosophy is always to reduce risk to the maximum extent. We now observe that scrubbers may be banned in several parts of the world. We use fully compliant fuel on the engines of our vessels.

Our objective is always to inform you as precisely as we can.

Best wishes for this day, December 1, 2020, when we are approaching Christmas.

Best regards,
Herbjorn Hansson

Founder, Chairman & CEO


Nordic American Tankers Ltd. www.nat.bm

[Eurotradr]

I am out of this completely. Just don't like the sector currently. I'll watch occasionally and maybe play again but for now to many other sectors on fire.

[conix]

Borrowing to pay a dividend?

[Eurotradr]

Nordic American Tankers Ltd (NYSE: NAT) – Report for the 3rd quarter – 2020 as a whole is expected to be a very good year for NAT - November 16, 2020

Dear Shareholders and Investors,

Highlights:

The average Time Charter Equivalent (TCE) for our trading fleet during the third quarter was $25,000 per day per ship. In perspective, this is the best third quarter TCE result for many years.

As 2020 draws to a close, we see far less uncertainty in the market place.
Asia is recovering strongly, the US election season is over and a vaccine for Covid-19 may be widely available by early 2021. The global pandemic short term impacted the strong fundamentals we saw for the tanker market going into 2020. Despite a temporary slowdown, we see that 2020 as a whole will be a very good year for NAT. We believe that these positive fundamentals will continue.

Cash dividends are a priority for NAT, and reflect our earnings. In 2020 we have paid $60 million or 41 cents per share in dividends. With this report we announce our 93rd consecutive quarterly dividend. The dividend for 3Q2020 is 4 cents ($0.04) per share, payable on or about December 15, 2020, to shareholders of record December 2, 2020. The accumulated dividend payments for the last four quarters represent an annualized yield of 14% on today’s share price.

During the third quarter we took several of our vessels through drydockings and as such our net voyage revenues and net profit were affected. This was an optimal timing. Our Net Income for 3Q 2020 thus came in at - $10.0 million, which gave an Earnings Per Share (EPS) of -$0.07. Our Year-to-date Net Income was positive with $78.7 million which is equivalent to an EPS of $0.53. This was an improvement of about $100 million compared to the same period in 2019, which produced a Net Income of -$23.1 million.

Our EBITDA (non-GAAP measure) for 3Q2020 was positive by $15.6 million. This was lower than second quarter, but the EBITDA was an improvement compared to the same quarter last year, which generated an EBITDA of $11.5 million.

Our total long term liabilities as per Sept 30, 2020 stood at $313.3 million, a reduction of more than $63 million since year-end 2019. Our Net Debt is $255.4 million or about $11 million per ship.

On Sept 23, 2020 we announced two newbuilding contracts placed with Samsung Heavy Industries. The two suezmaxes will be delivered first half 2022. Financing has been secured. This is a part of our strategy to renew and grow our fleet. The quality of the NAT fleet is first rate, reflecting the vetting record of our ships.

Detailed financial information for 3Q 2020 and for other periods is included later in this report.

Best regards,

Herbjorn Hansson

Founder, Chairman & CEO

Nordic American Tankers Ltd. www.nat.bm

[Dale C]

I was in NAT back when they only had 6 boats with big plans to grow the fleet. Instead of growing organically they sold shares, each newbuild was to be accretive. One of Cramer's darlings but the PPS and dividend began to fall with each new addition to the fleet. It's a good company and they make money but the rank & file shareholder is being bent over the rail. It was a good flipping stock but long term holds you will lose.

[dyp]

been absent for some time.
bottom?
who knows.
however; picking up a few shares here
seems prudent.

[Eurotradr]

Nordic American Tankers Ltd (NYSE: NAT) – Memorandum on the tanker market

November 6, 2020

Dear Shareholders and Investors,

We receive many comments and questions regarding the market for our suezmaxes (25 suezmaxes including 2 newbuildings for 2022 delivery).

NAT is in a positive phase of development. There has been a certain lull in the market recently, which we regard as a short term phenomenon.

A company can go three ways: Sideways, downwards or upwards. NAT is solidly on its way upwards.

Our results are out Monday November the 16th.

Dividend is a priority, but a reflection of earnings, as it has always been.

Good Weekend!

Best regards,
Herbjorn Hansson
Founder, Chairman & CEO


Nordic American Tankers Ltd. www.nat.bm

[conix]

Nordic American Tankers Ltd (NYSE: NAT) – Announces the date for its 2020 Annual General Meeting of Shareholders (AGM)

Nordic American Tankers Limited

Tue, November 3, 2020

November 3, 2020

Dear Shareholders and Investors,

Nordic American Tankers Limited today announced that its Board of Directors has scheduled the 2020 AGM, to be held on December 18, 2020 at 10:00 a.m., Bermuda time, at 17, Bd Albert 1er, MC98000 Monaco.

The Board has set a record date of October 26, 2020 for the determination of the NAT shareholders entitled to receive notice of and to vote at the AGM or any adjournment thereof.

The Notice of the Meeting and Proxy Statement will be available with the Securities and Exchange Commission (SEC) on a form 6-K today, November 3, 2020.


Best regards,

Herbjorn Hansson
Founder, Chairman & CEO

Nordic American Tankers Ltd. www.nat.bm

[Eurotradr]

Weekly Update:

Results are so poor NAT appears to no longer wish to post the single digit rates:

https://www.nat.bm/
"We now wish to comment periodically on the tanker market on our website. We will do that monthly or so. Our first comment on the tanker market by NAT will be in early November 2020. The 3rd quarter produced solid results. In the meantime if you have any questions, please contact us."

https://fearnpulse.com/
Suezmax

At the beginning of the week there was a palpable sense that the market was grazing the bottom with possible upside. There was sustained enquiry in both Eastern and Western Hemispheres, which had created small pockets of resistance. All was looking up, or so we thought. That quiet optimism was shattered by a Wafr/options cargo booking UKCM at WS29 which other charterers will now surely use as leverage. TD6 will trade low 40's whilst long cross-Med is stable in the mid/high WS30's. In the East there's a balanced feel with MEG/East trading mid/high WS30's for modern. The key fundamentals of oversupplied tonnage and reduced oil output have not disappeared, meaning that if any resistance resurfaces the foundations remain soft.

www.hellenicshippingnews.com
No Longer posts daily rates

www.balticexchange.com
Has gone to a 100% subscription service.

[mauiguy2]

The dividend rate has been great this past year.....roughly 10%. The past four quarterly dividends have totalled .43. Unfortunately, though, like you say, if you bought at 8, you'd still be deep in the hole.

[conix]

I would agree with you if the dividend was fixed at a higher yield rate. But, of course, that is not possible with NAT.

If you bought at $8/share--it will take years to make up for the unrealized capital loss.

[J-Bear]

I don't have an issue with how things are run. Yes the share price is low, but as long as dividends continue and I keep buying cheap shares.

I honestly don't care...

My dividend reinvestment has done just fine at adding more and more.

[Eurotradr]

Suezmax - https://fearnpulse.com/

At the beginning of the week there was a palpable sense that the market was grazing the bottom with possible upside. There was sustained enquiry in both Eastern and Western Hemispheres, which had created small pockets of resistance. All was looking up, or so we thought. That quiet optimism was shattered by a Wafr/options cargo booking UKCM at WS29 which other charterers will now surely use as leverage. TD6 will trade low 40's whilst long cross-Med is stable in the mid/high WS30's. In the East there's a balanced feel with MEG/East trading mid/high WS30's for modern. The key fundamentals of oversupplied tonnage and reduced oil output have not disappeared, meaning that if any resistance resurfaces the foundations remain soft.

[mauiguy2]

I think the price would initially suffer if the CEO stepped down.

[conix]

Thanks, Euro, for the update.

I wonder if there would be a sustainable price improvement if the CEO stepped down.

[Eurotradr]

Weekly Update:

https://www.nat.bm/
No direct link provided for report. Go to NAT's page above, scroll to bottom "Tanker Market Reports" and download the report.

https://fearnpulse.com/
Suezmax

The Suezmax market seems like a never-ending story at this point. Activity is decent, but there is just way too much available tonnage, in all areas. Some positives in the West the last week though, Libya is now back on, soon at the capacity they were at prior to the shutdown. As a result of that we have had more activity in the Med/Bsea area than in a long time. In the East we are still at bottom levels, even if tonnage-list is looking slightly better than last week. With the activity we see in both East and West, we expect the market to have some potential upside, but it will take time. This week rates will remain steady, and we are not having too high hopes for next week either.

[Eurotradr]

Nordic American Tankers Ltd (NYSE: NAT) – Purchase of shares by NAT board member Alexander Hansson

October 16, 2020

Alexander Hansson has today bought 45,000 shares in NAT at $ 3.52.
He is a Director of the board of NAT. He is son of Herbjorn Hansson, the NAT Founder, Chairman & CEO.

Best regards, Herbjorn Hansson

Founder, Chairman & CEO
Nordic American Tankers Ltd. www.nat.bm

[Eurotradr]

Weekly Update:

https://www.nat.bm/
No direct link provided for report. Go to NAT's page above, scroll to bottom "Tanker Market Reports" and download the report.

https://fearnpulse.com/
Suezmax

The Suezmax market seems like a never-ending story at this point. Activity is decent, but there is just way too much available tonnage, in all areas. Some positives in the West the last week though, Libya is now back on, soon at the capacity they were at prior to the shutdown. As a result of that we have had more activity in the Med/Bsea area than in a long time. In the East we are still at bottom levels, even if tonnage-list is looking slightly better than last week. With the activity we see in both East and West, we expect the market to have some potential upside, but it will take time. This week rates will remain steady, and we are not having too high hopes for next week either.

https://www.hellenicshippingnews.com/tanker-market-rates-24-09-2020/

[Eurotradr]

Nordic American Tankers Ltd (NYSE: NAT) – Full Financing of Two Newbuildings is in place

October 16, 2020

Dear Shareholders and Investors,

Further to our message of September 23, 2020, when NAT announced two Suezmax newbuilding contracts with Samsung Heavy Industries for delivery during the first half of 2022. We now wish to announce that NAT has entered into a financing agreement with a subsidiary of Ocean Yield ASA for the two vessels. It is an advantage to secure the long term financing for these two newbuildings at an early stage and with an existing lender.

The financing is for up to 80% of the newbuilding price. The agreements are based on a 10-year bareboat charter for each vessel. NAT has certain options to buy or sell the vessels during the charter period.

Ocean Yield ASA, a company in the Aker sphere, is listed on Oslo Stock Exchange (OSE). One objective of NAT is to become a debt free company.

Best regards,

Herbjorn Hansson
Founder, Chairman & CEO

Nordic American Tankers Ltd. www.nat.bm

[mrnutsandbolts]

Thanks for the update

[Eurotradr]

Weekly Update:

https://www.nat.bm/
No direct link provided for report. Go to NAT's page above, scroll to bottom "Tanker Market Reports" and download the report.

https://fearnpulse.com/
Suezmax
Coming into this week Suezmax owners felt much more confident than the last couple of months. Activity in the East have been very good for over a week, thinning out the front end of the position list. Only problem is that thinning out might not be enough. The activity in the East it has prevented the stream of ballasters to West Africa, causing the Atlantic list to look slightly better as well, only problem there is the cargo activity. North, Med/Black Sea, USG and West Africa is still rather quiet, but there are some positives going forward. Libya is up at 250k bbls/day in production, which is a good start. Volumes in Wafr are expected to slowly increase, and going forward we can say that WS35 on TD20 is the bottom for now.

https://www.hellenicshippingnews.com/tanker-market-rates-24-09-2020/

[conix]

Suezmax Market

The Suezmax market is still struggling at bottom levels. The start of this week was no exception - two fixtures done in West Africa, both in low WS30's. Ballasters from the East are now looking at negative returns for a normal TD20 run. Halfway through the week we see some more action in the East. Cargo activity in MEG has picked up, but with a tonnage list being the longest YTD, rates remains at the bottom. Going forward we expect the Suezmaxes to continue facing terrible earnings, at least for the short-term future.

Looking further than that there are some positives. Libya have now started exporting, and it is only a matter of time until production is up and running again. This will be a very welcomed happening for what lately have been a "dead" Med-market for the Suezmaxes.

[Eurotradr]

The Suezmax market is still struggling at bottom levels.

https://www.nat.bm/
No direct link provided for report. Go to NAT's page above, scroll to bottom "Tanker Market Reports" and download the report.

https://fearnpulse.com/

https://www.hellenicshippingnews.com/tanker-market-rates-24-09-2020/

[mrMando]

Absolutely. Both those indicate the dividend will likely be less. Just a friendly question looking for something I might have missed in the way your opinion was phrased. I agree as well. A lower dividend would seems likely. Surprised it was as high as it was

[conix]

Check the tanker rates last quarter compared to this quarter and ask yourself--can they afford to continue to pay at that dividend rate when they just announced they have contracted to build two more Suezmax tankers?

[mrMando]

Not saying I disagree. wanted to ask, though, why you both believe that. What are the things you believe the company is doing now, to ‘set up’ a decrease in dividend?

[Eurotradr]

I believe you are correct.

[conix]

NAT is setting themselves up for a DECREASE in dividend. IMO