Nordic American Tankers Ltd (NAT)

[Eurotradr]

The Tanker market simply sucks at this time. The only charts you need to be watching are the weekly shipping reports from Charles Weber, Clarkson, Baltic Briefing, ect.

These reports give true week by week insight on the SUEZMAX market and at what price Charters are being booked at. We all know what NAT claims as their daily break even on their fleet. Very few charters are making any money although NAT claims to have a few contracts giving them a buffer of profit in a downturn market. Only when these rates increase will the profits and dividend increase to be quickly followed by the PPS.

Here is the most recent Charles Weber report.

http://www.crweber.com/index.php

The SUEZMAX outlook has been flat for quite some time now but as you will see there are signs of life. There is an uptick in pricing indicated by the green north facing arrows. Now if it will only continue and reflect in all four routes we start to see a turnaround.

Follow all these weekly charts if you want to know independent, third part data the directly affects NATs PPS and the direction profits will follow.