Friday, November 05, 2021 11:28:59 AM
"...(NAT) said it has fixed one of its suezmaxes to an unnamed oil company for up to three years. The firm contract, which commences this month, is for one year at a daily rate of $20,000, with options for two additional years at significantly higher rates.
The majority of NAT ships trade on the spot market, and a one-year or longer term contract is said to be a “insurance policy” in terms of risk management, producing positive cash flow. “Our strategy of trading in the spot market, while also locking some ships into profitable long term contracts, allows us peak flexibility.”
The New York-listed suezmax specialist has 25 vessels in its fleet, including two newbuilds scheduled to arrive in 2022. According to the company, contracts for individual vessels are being signed almost daily, with the shortest duration last week for an inter-European voyage lasting about 20 days.
Recent NAT News
- Nordic American Tankers Ltd (NYSE: NAT) – Shareholder/Investor conference Thursday September 12, 2024 • GlobeNewswire Inc. • 09/11/2024 09:49:49 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/03/2024 08:23:12 PM
- Nordic American Tankers Ltd (NYSE: NAT) – Investor Conference September 12, 2024 • GlobeNewswire Inc. • 09/02/2024 12:57:50 PM
- Nordic American Tankers Ltd (NYSE: NAT) – Report as per June 30, 2024 – A dividend company with good prospects • GlobeNewswire Inc. • 08/29/2024 10:31:46 AM
- Nordic American Tankers Ltd (NYSE: NAT) – Fall on some stock exchanges • GlobeNewswire Inc. • 08/05/2024 01:09:53 PM
- Nordic American Tankers Ltd (NYSE: NAT) – Non-Executive Vice Chairman of NAT, Alexander Hansson buys more shares • GlobeNewswire Inc. • 07/30/2024 02:17:27 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/30/2024 09:11:16 PM
- Nordic American Tankers Ltd (NYSE: NAT) – Non-Executive Vice Chairman of NAT, Alexander Hansson buys more shares • GlobeNewswire Inc. • 05/30/2024 01:47:15 PM
- Nordic American Tankers Ltd (NYSE: NAT) – Report as per March 31, 2024 – Dividend is a top priority. • GlobeNewswire Inc. • 05/29/2024 12:09:52 PM
- US Index Futures Drop Amid Rising Treasury Yields and Inflation Concerns, Oil Prices Increase • IH Market News • 05/29/2024 11:28:38 AM
- Nordic American Tankers Ltd (NYSE: NAT) – 1Q 2024 Earnings Report • GlobeNewswire Inc. • 05/14/2024 01:45:33 PM
- 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
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