Nordic American Tankers Ltd (NAT)

[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.