Nordic American Tankers Ltd (NYSE: NAT) - tanker market up strongly
Nordic American Tanker Shipping (NYSE:NAT)
Intraday Stock Chart
Today : Thursday 11 October 2018
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Bermuda October 11, 2018
Recently, the tanker industry has suffered from deteriorating earnings, lower dividends and stock prices.
We are happy to inform our friends that the spot market for our ships now has tripled from just a few months back, and doubled just from 10 days ago. That's good for all of us.
Just to illustrate, here is a snapshot at months beginning, of reported TCE earnings from West Africa (one of our main routes) during 2018:
1st January 2018 TCE rates ~$6000/day
4th April 2018 TCE rates ~$4000/day
2nd July 2018 TCE rates ~$6000/day
1st October 2018 TCE rates ~$9600/day
Yesterday 10th October TCE ~$20600/day
This means a world of difference.
If spot markets increase another 25% and stays there for 12 months, we could earn 25% of our market cap in a year.
Spot market earnings are volatile, but volatility is usually a sign of an improved underlying market balance and we have been firm believers in a market turnaround this year.
Best regards!
Herbjorn Hansson
Chairman & CEO
Nordic American Tankers Ltd
Successful Trading is the art of minimizing long term risk and maximizing capital allocation.
Recent NAT News
- Nordic American Tankers Ltd (NYSE: NAT) – Alexander Hansson buys more NAT shares • GlobeNewswire Inc. • 04/04/2024 01:50:49 PM
- Nordic American Tankers Ltd (NYSE: NAT) – Alexander Hansson buys more NAT shares • GlobeNewswire Inc. • 03/12/2024 01:57:22 PM
- Nordic American Tankers Ltd (NYSE: NAT) – A snapshot of the present market conditions • GlobeNewswire Inc. • 03/07/2024 02:08:12 PM
- Nordic American Tankers Ltd (NYSE: NAT) – Alexander Hansson buys more NAT shares • GlobeNewswire Inc. • 03/04/2024 02:53:56 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/01/2024 10:09:14 PM
- Nordic American Tankers Ltd (NYSE: NAT) – Report as per December 31, 2023 – Dividend is up and solid prospects going forward • GlobeNewswire Inc. • 02/29/2024 10:23:30 AM
- Nordic American Tankers Ltd (NYSE: NAT) – Founder, Chairman & CEO outlines the international reach of the NAT operations • GlobeNewswire Inc. • 02/15/2024 02:39:35 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/02/2024 07:18:07 PM
- Nordic American Tankers Ltd (NYSE: NAT) – Greetings for the Season • GlobeNewswire Inc. • 12/14/2023 11:50:26 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/30/2023 09:37:40 PM
- Correction: Nordic American Tankers Ltd (NYSE: NAT) – Board Member Alexander Hansson buys more NAT shares • GlobeNewswire Inc. • 11/30/2023 03:00:20 PM
- Nordic American Tankers Ltd (NYSE: NAT) – • GlobeNewswire Inc. • 11/30/2023 02:56:38 PM
- Nordic American Tankers Ltd (NYSE: NAT) – Report as per September 30, 2023 – The direction is up in a strong market • GlobeNewswire Inc. • 11/29/2023 11:54:54 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/16/2023 09:26:56 PM
- Nordic American Tankers Ltd (NYSE: NAT) – Announces Results of its 2023 Annual General Meeting of Shareholders • GlobeNewswire Inc. • 11/16/2023 02:26:52 PM
- Nordic American Tankers Ltd (NYSE: NAT) – Most recent market fixtures for our ships • GlobeNewswire Inc. • 11/14/2023 04:58:11 PM
- Nordic American Tankers Ltd (NYSE: NAT) – A Dividend Company • GlobeNewswire Inc. • 10/25/2023 12:57:01 PM
- Nordic American Tankers Ltd (NYSE: NAT) – Purchase of suezmax tanker - increasing the NAT fleet to 20 ships • GlobeNewswire Inc. • 10/19/2023 09:22:40 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/02/2023 08:11:53 PM
- Nordic American Tankers Ltd (NYSE: NAT) – 2023 Annual General Meeting of Shareholders (AGM) • GlobeNewswire Inc. • 10/02/2023 11:59:56 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/29/2023 08:02:03 PM
- Nordic American Tankers Ltd (NYSE: NAT) – The market is good for our ships • GlobeNewswire Inc. • 09/29/2023 02:36:25 PM
- Nordic American Tankers Ltd (NYSE: NAT) – Founder, Chairman & CEO buys more share in NAT (repeat) • GlobeNewswire Inc. • 08/29/2023 02:43:23 PM
- Nordic American Tankers Ltd (NYSE: NAT) – Founder, Chairman & CEO buys more shares in NAT • GlobeNewswire Inc. • 08/29/2023 01:48:38 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/28/2023 08:58:54 PM
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