|Bid||4.1300 x 1000|
|Ask||4.1400 x 3200|
|Day's Range||4.0000 - 4.1900|
|52 Week Range||1.6600 - 4.4700|
|Beta (3Y Monthly)||0.76|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.08 (2.31%)|
|1y Target Est||N/A|
Spot rates are continuing its upward momentum. New rules by the International Maritime Organization (IMO) coming into force on January 1, 2020 is one change. Investors and lenders are reluctant to inject capital into private companies undertaking speculative ordering of ships –which is not part of a fleet renewal.
Nordic American Tankers Limited (NAT) (the “Company”) is pleased to announce that all of the proposals at its Annual General Meeting have been approved by its shareholders by well over the required margin. --reduction of the Company’s share premium account to facilitate the payment of dividends.
Nordic American Tankers Limited today announced that its Board of Directors has scheduled the 2019 AGM, to be held on November 20, 2019 at 10:00 a.m., local time, at the LOM Building,27 Reid Street, Hamilton HM 11 Bermuda. Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
Hamilton, Bermuda, October 16, 2019 Dear shareholders & investors, We have previously commented on the tanker industry and the upswing for NAT. The.
Two weeks ago we wrote to you about the strong market improvement for our Suezmax tankers. From Thursday to Friday last week, reported Suezmax rates jumped 60% on the day and 400% on the month! NAT’s uniform fleet of 23 Suezmax tankers have 21 units trading in the open spot market, ready to benefit from strengthening freights.
The market level for our ships has improved to more than $40,000 per day at the start of this week - Monday September 23. The level of operating costs for our ships is about $8,000 per day/per ship. At this time there is a shortage of available ships, in particular in the Atlantic basin.
“This is a bullish turn for the tanker market - period. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation.
Hamilton, Bermuda, August 22, 2019 Dear Shareholders, Earlier this year, we informed you of the Time Charter we have entered into of 12 to 15 months. Please note that.
Hamilton, Bermuda, August 19, 2019 Dear Shareholders, Please note that the adjusted version of our full First Half 2019 report is available on our web site.
Hamilton, Bermuda, August 16, 2019 HIGHLIGHTS: NAT IS IN A GOOD POSITION WITH SOLID PROSPECTS. THE FIRST HALF OF 2019 WAS MUCH BETTER THAN THE FIRST HALF OF 2018. THE.
The 2Q2019 results for NAT are to be released Friday August 16, 2019 before the opening of trading at the New York Stock Exchange. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
Nordic American Tankers Ltd (NYSE: NAT or the "Company") communicated its view on the new Sulphur requirements, effective from 2020 in our Press Release October 24, 2017 and in a NAT conference call held February 20, 2019. The Company is steadfast on its decision that scrubbers are not a solution for NAT based upon a conservative financial policy. An increased number of ports now prohibit or impose strict requirements on the use of scrubbers, which purify emissions from large ships.
Hamilton, Bermuda, July 1, 2019 Nordic American Tankers Limited (NYSE:NAT), would like to inform that its 2018 Annual Report on Form 20-F has been filed with the United.
The last 12 months have been the busiest period for Nordic American Tankers ever. Sale of 10 suezmax vessels and delivery of 3 new suezmax units took place in the last six months of 2018 and ensured a renewal of our fleet which count suezmaxes only. Recent contracts for 3Q2019 loading confirm this, showing a clear strengthening trend for our vessels. We must remember that political unrest is often good for the tanker market. We now see increased oil exports from the US, which is a new trend.
Over the years, NAT has bought several vessels built at Samsung Shipyard in South Korea, including the Nordic Zenith. The vessels of NAT consist of suezmaxes. The NAT fleet is trading all over the world. The contract has a value between USD 9 mill and USD 11 mill depending upon the detailed scheduling of the vessel. Going forward, we sense a strong upward trend for the tanker industry. NAT is in a positive phase of development. Historically, all contracts of the tanker industry and of the NAT fleet (now 23 vessels), over a certain length, as a standard need the approval of the technical management arrangement associated with all our contracts.
With this report we announce our 87th consecutive quarterly distribution. It is our objective to increase the dividend as tanker markets improve. the TCE (time charter equivalent) for our vessels in 1Q2019 saw an improvement of 30% from the previous quarter and came in at an average of $26,025 per day per ship compared to $20,100 in 4Q2018.
Nordic American Tankers Limited (NAT) has entered into an At-The-Market Issuance Agreement ("ATM") dated March 29, 2019, with the investment banking firm, B. Riley FBR, Inc., as the sales agent. The ATM sales, if any, will be made at market prices. It is not an obligation for NAT to sell any shares under the ATM. The establishment of the ATM is in harmony with the conservative financial policy of NAT and provide a tool for NAT to ensure that we have the financial flexibility at all times. The shares issued under the ATM, if any, will be pursuant to a prospectus supplement and an accompanying prospectus filed as part of an effective shelf registration statement filed with the Securities and Exchange Commission on Form F-3. Copies of the prospectus supplement and the accompanying base prospectus may be obtained when available without charge from the offices of B. Riley FBR, Inc., at 1300 North 17th Street, Suite 1400, Arlington, VA 22209 or by calling (703) 312-9580 or by emailing firstname.lastname@example.org.
The Company is steadfast on its decision that scrubbers are not a solution for NAT based upon a conservative financial policy. An increased number of ports now prohibit or impose strict requirements on the use of scrubbers, which purify emissions from large ships. The scrubber cleans the exhaust from vessels for Sulphur and emit impure water into the sea, and that is what the ports now will put an end to. Therefore, we still do not see that this new requirement is an issue for NAT.
Bermuda March 11, 2019 Friday March 8, we received a transcript of the investor Conference Call February 20. 1) One objective of NAT is to reduce the debt. A.
Bermuda March 7, 2019 Alexander Hansson, residing in Monaco, has today bought 25,000 shares in NAT for his private holdings. The shares were purchased in the open market at.
Bermuda February 26, 2019 Alexander Hansson, residing in Monaco, has today bought privately 50,000 shares in NAT at a price of $2.27. Yesterday, he bought.
Bermuda February 22, 2019 The investor call Wednesday February 20, was well attended. About 300 shareholders/investors. This is a high turnout; 43 % of.