There is a strong upward pressure on major Suezmax tanker-routes. There is a strong upward pressure on major Suezmax tanker-routes. ... Nordic American Tankers Limited NYSE: NAT … Suezmax owners’ earnings have surged by more than 350% on average … When there are too many ships in an area, rates tend to go down. Rates for the fourth quarter are three to four times as high as for the first 9 months of 2018. The Baltic Exchange's benchmark TD20 voyage out of West Africa fell to World Scale (WS) 61, compared to WS 83 at the start of June. From Thursday to Friday last week, reported Suezmax rates jumped 60% on the day and 400% on the month, it said. Rates in this sector have tumbled, not only due to the collapsing VLCC market, but also the lack of enquiry and the small armada of cargo free vessels sitting off Gibraltar waiting for their next opportunities for gainful employment. Highlights. This development continued last week. Oil&Gas-Transprt/Pipelne Group. Suezmax is up 114% and 359% over the same ... and Scorpio Tankers all reporting losses -- was an oversupply in the tanker market. index. The limiting factors are beam , draft , height (because of the Suez Canal Bridge ), and length [1] (even though the canal has no locks ). Tankship International specializes in chartering tankers for crude oil, dirty and clean petroleum products, LPG, dry cargo, chemicals and support vessels. currently see 21 conventional Suezmax tankers scheduled for delivery in 2021 and 8 in 2022. They are due to be delivered in the first half of 2022. There is a strong upward pressure on major Suezmax tanker-routes. Nordic American Tankers (NAT) only has Suezmax vessels in its fleet. From Thursday to Friday last week, reported Suezmax rates jumped 60% on the day and 400% on the month! NAT. NAT’s uniform fleet of 23 Suezmax tankers have 21 units trading in the open spot market, ready to benefit from strengthening freights. Nordic American Tankers Ltd (NYSE: NAT) – Low/decreasing oil price and political uncertainty are good for our Suezmax tankers Read full article Nordic American Tankers Limited Source: NAT Hamilton, Bermuda, September 23, 2019. Broker reports are currently quoting spot rates for the Suezmax crude oil tankers at around USD 35,000 per day, and that is the highest level in 1-2 years, says CEO Herbjørn Hansson of Nordic American Tankers (NAT) in an early New Year's brief to … Nordic American Tankers (NYSE:NAT) entered into a financing agreement with Ocean Yield subsidiary for the two Suezmax newbuilding contracts … Chartering . Tankship International specializes in chartering tankers for crude oil, dirty and clean petroleum products, LPG, dry cargo, chemicals and support vessels. The all-time high Nordic American Tankers stock closing price was 56.05 on February 28, 2005.; The Nordic American Tankers 52-week high stock price is 9.00, which is 202% above the … From Thursday to Friday last week, reported Suezmax rates jumped 60% on the day and 400% on the month, it said. When there are too many ships in an area, rates tend to go down. This development continued last week. The latest closing stock price for Nordic American Tankers as of January 15, 2021 is 2.98.. Taskos Energy Navigation (TEN) has sold three suezmax tankers and two product tankers for a total price of $104m, allowing the company to add $47m in cash and reduce debt by $58m. BULK CARRIERS Nordic American Tankers (NAT) only has Suezmax vessels in its fleet. If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. https://lloydslist.maritimeintelligence.informa.com/LL1134594/ Hamilton, Bermuda, August 31, 2018 Dear Shareholders, We have previously advised you of the three suezmax newbuildings from Samsung... | January 22, 2021 BULK CARRIERS Historical daily share price chart and data for Nordic American Tankers since 1997 adjusted for splits. Presently the Suezmax spot market is reported to about $68,000/day, and rising. Rate indexes for Suezmax tankers are now in excess of $20,000 per day on a TC basis, which is a good indication of the level of the market. September 23, 2020 Dear Shareholders and Investors, We wish to announce that NAT has entered into two -2- suezmax newbuilding contracts in South Korea, increasing our fleet of suezmaxes to 25 units. BTIG predicts that Suezmax rates will average $35,000 per day next year, making 2020 "an above mid-cycle year." Nordic American Tankers Ltd (NYSE: NAT) – Ships makes the world go 12/21/2020 Nordic American Tankers Ltd (NYSE: NAT) – Low/decreasing oil price and political uncertainty are good for our Suezmax tankers 12/18/2020 Nordic American Tankers Ltd (NYSE: NAT) – Announces Results of its 2020 Annual General Meeting of Shareholders. Spot rates for crude tankers are expected to be negatively impacted later this year and into 2021, though tanker supply fundamentals can offer a positive counterbalance, according to Teekay Tankers. Short-term spot tanker rates may be expected to be volatile. • Weekly updates like and sub if you want to see them! GAAP net income and non-GAAP adjusted net income for the first quarter of 2020 significantly increased compared to the same period of the prior year, primarily due to higher average spot tanker rates and fewer off-hire days, partially offset by the sale of four Suezmax tankers since December 2019. Suezmax Rates have decline. ALTM. With tanker rates across all sectors currently at levels well above long-term averages, it is impressive to note the rally in Suezmax rates over the past three months. From Thursday to Friday last week, reported Suezmax rates jumped 60% on the day and 400% on the month! Chartering . February 27, 2020. Tanker rate surge appears unstoppable as VLCCs hit $120,000 per day Published 8 October 2019 15:52 GMT Tankers ... BP, Koch suezmax rates spike higher after tanker blasts Tanker charter rates for VLCC's moved lower this week and there was no change in rates for the other size groups - mostly below operating costs. Nordic American Tankers Ltd. (NYSE: NAT) – CNBC appearance in a strong tanker market with dividend in focus. in group. The payment terms of the newbuildings are four payments of 10% and 60% of the building price on deliveries. Cloudflare Ray ID: 6162a2ed1adf18b6 NAT’s uniform fleet of 23 Suezmax tankers have 21 units trading in the open spot market, ready to benefit from strengthening freights. There is a strong upward pressure on major Suezmax... | October 24, 2020 Name Type Flag Built Owned Interest Spot/ TC DWT* Draft Length** Shipyard; 1: Bari: Suezmax MH: 2005: Yes 50%: SPOT 159,186: 17.072: 274.47: Hyundai Charterers are currently paying $3.92 per barrel (WS245), as opposed to $1.84 (WS115) in early September for a Suezmax cargo West Africa-U.S. Gulf, and $1.61 per barrel (WS240) for an intra- Med cargo, versus $0.77 per barrel (WS108) at the beginning of September. Shipping) $ $ Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. Hamilton, Bermuda, September 23, 2019 Dear shareholders and investors, Spot rates for our Suezmax tankers are on the move. currently see 21 conventional Suezmax tankers scheduled for delivery in 2021 and 8 in 2022. Taskos Energy Navigation (TEN) has sold three suezmax tankers and two product tankers for a total price of $104m, allowing the company to add $47m in cash and reduce debt by $58m. The average Suezmax rates dropped from $5,603 per day on March 29 to $5,426 per day on April 6, 2018. The supply of tanker tonnage is inelastic in the short-term. Nordic Amer Tanker Ltd (NAT) - INTERNATIONAL TANKER COMPANY THAT OWNS 23 DOUBLE-HULL SUEZMAX TANKERS, THREE OF WHICH ARE NEWBUILDING VESSELS. From Thursday to Friday last week, reported Suezmax rates jumped 60% on the day and 400% on the month! ... Nordic American Tankers Limited NYSE: NAT … Press Release Nordic American Tankers Ltd (NYSE: NAT) - NAT orders two -2- Suezmax newbuildings in South Korea Published: Sept. 23, 2020 at 5:55 a.m. S hipping company Nordic American Tankers (NAT) has ordered two suezmax tankers from South Korean yard Samsung Heavy Industries. Please enable Cookies and reload the page. Tanker market index and when earnings are just a quick update on NAT STOCK!!! With tanker rates across all sectors currently at levels well above long-term averages, it is impressive to note the rally in Suezmax rates over the past three months. Hamilton, Bermuda, September 23, 2019 Dear shareholders and investors, Spot rates for our Suezmax tankers are on the move. Nordic American Tankers Limited (NAT) has today taken delivery of Nordic Castor, the second of four secondhand Japanese-built Suezmax tankers acquired in May 2016. Is anyone paying attention to the crashing charter rates for Suezmax oil tankers? Presently the Suezmax spot market is reported to about $68,000/day, and rising. index. ... SUEZMAX 58160,000 60 44 32 11 AFRAMAX 115,000 47 35 25 10 PANAMAX - LR1 70,000 40 40 28 18 7 MR TANKER 3451,000 34 25 17 6. Average Suezmax freight rates remained healthy, supported by higher rates registered for tankers trading on the Northwest Europe (NWE)-to-US Gulf Coast (USGC) route, which gained 8% to stand at WS60 points. Tanker rate surge appears unstoppable as VLCCs hit $120,000 per day Published 8 October 2019 15:52 GMT Tankers ... BP, Koch suezmax rates spike higher after tanker blasts Performance & security by Cloudflare, Please complete the security check to access. The supply of tanker tonnage is inelastic in the short-term. NAT. When there is scarcity of ships, rates tend to go up. Suezmax owners’ earnings have surged by more than 350% on average … From Thursday to Friday last week, reported Suezmax rates jumped 60% on the day and 400% on the month! Short-term spot tanker rates may be expected to be volatile. ! Suezmax spot freight rates for tankers operating on the West Africa-to-USGC route went up by 17% from a month before to stand at WS79 points. December 21, … See How IBD Rates . Presently the Suezmax spot market is reported to about $68,000/day, and rising. ET The average Suezmax rates dropped from $5,603 per day on March 29 to $5,426 per day on April 6, 2018. This You may need to download version 2.0 now from the Chrome Web Store. Spot rates for crude tankers are expected to be negatively impacted later this year and into 2021, though tanker supply fundamentals can offer a positive counterbalance, according to Teekay Tankers. ... SUEZMAX 58160,000 60 44 32 11 AFRAMAX 115,000 47 35 25 10 PANAMAX - LR1 70,000 40 40 28 18 7 MR TANKER 3451,000 34 25 17 6. Nordic American Tankers Limited: Nordic American Tankers Ltd (NYSE: NAT) - Low/decreasing oil price and political uncertainty are good for our Suezmax tankers December 21, … • NAT’s uniform fleet of 23 Suezmax tankers have 21 units trading in the open spot market, ready to benefit from strengthening freights. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. When there is scarcity of ships, rates tend to go up. Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber. Spot rates for our Suezmax tankers are on the move. is not ranked # N/A. The all-time high Nordic American Tankers stock closing price was 56.05 on February 28, 2005.; The Nordic American Tankers 52-week high stock price is 9.00, which is 202% above the … https://lloydslist.maritimeintelligence.informa.com/LL1134594/ https://www.marketscreener.com/quote/stock/NORDIC-AMERICAN- Tanker Chartering Broker Undoubtedly, this year (ongoing) ... Suezmax Aframax TC Rates $/day Panamax MR Handy 0 150 300 450 600 750 s TC1 TC2 TC5 TC6 CLEAN - WS RATES. Shipping) $ $ Tanker Chartering Broker Undoubtedly, this year (ongoing) ... Suezmax Aframax TC Rates $/day Panamax MR Handy 0 150 300 450 600 750 s TC1 TC2 TC5 TC6 CLEAN - WS RATES. Tanker charter rates for VLCC's moved lower this week and there was no change in rates for the other size groups - mostly below operating costs. Daily Weekly. Suezmax rates hit rock bottom - below NAT breakeven. Nordic American Tankers Ltd (NYSE: NAT) – Low/decreasing oil price and political uncertainty are good for our Suezmax tankers. Suezmax owners’ earnings have surged by more than 350% on average worldwide since the beginning of September. Nordic American Tankers Limited (NAT) has today taken delivery of Nordic Castor, the second of four secondhand Japanese-built Suezmax tankers acquired in May 2016. From Thursday to Friday last week, reported Suezmax rates jumped 60% on the day and 400% on the month! NAT is well positioned for the upswing in the market that we now see. Dear shareholders and investors, Spot rates for our Suezmax tankers are on the move. Bloomberg: Million-Barrel-Tanker Rates Rise On Bosporus Delays, LNG & Natural Gas Fundamentals – Virtual Training. If high rates ... Nordic American Tankers Limited NYSE: NAT $2.91 Reported GAAP net income of $63.1 million, or $1.88 per share, and adjusted net income (1) of $83.0 million, or $2.47 per share, in the fourth quarter of 2019 (excluding items listed in Appendix A to this release). usd/day crude tanker spot rates vlcc: td3c: 2021-01-20: usd-pd suezmax: td20: 4,278: 2021-01-20: usd-pd aframax: td19: 2021-01-20: usd-pd aframax Your IP: 66.42.56.137 Nordic American Tankers (NYSE:NAT) entered into a financing agreement with Ocean Yield subsidiary for the two Suezmax newbuilding contracts … "Suezmax" is a naval architecture term for the largest ship measurements capable of transiting the Suez Canal in a laden condition, and is almost exclusively used in reference to tankers. GROUP LEADERSHIP. September 23, 2020 Dear Shareholders and Investors, We wish to announce that NAT has entered into two -2- suezmax newbuilding contracts in South Korea, increasing our fleet of suezmaxes to 25 units. With tanker rates across all sectors currently at levels well above long-term averages, it is impressive to note the rally in Suezmax rates over the past three months. Presently the Suezmax spot market is reported to about $68,000/day, and rising. BTIG predicts that Suezmax rates will average $35,000 per day next year, making 2020 "an above mid-cycle year." Nordic American Tankers Ltd (NYSE: NAT) – Ships makes the world go 12/21/2020 Nordic American Tankers Ltd (NYSE: NAT) – Low/decreasing oil price and political uncertainty are good for our Suezmax tankers 12/18/2020 Nordic American Tankers Ltd (NYSE: NAT) – Announces Results of its 2020 Annual General Meeting of Shareholders There is a strong upward pressure on major Suezmax tanker-routes. Historical daily share price chart and data for Nordic American Tankers since 1997 adjusted for splits. Spot rates for our Suezmax tankers are on the move. The latest closing stock price for Nordic American Tankers as of January 15, 2021 is 2.98.. Another way to prevent getting this page in the future is to use Privacy Pass. NAT’s uniform fleet of 23 Suezmax tankers have 21 units trading in the open spot market, ready to benefit from strengthening freights. Crude tanker rates extend last week's sharp drop May 4, 2020 By: Carl Surran, SA News Editor The benchmark Middle East-China rate dropped 8.1% to WS 73.54, lowest since March 9, and clean tanker rates on all major routes also slipped, … Teekay Tankers has been able to benefit from this strengthening tanker market as evidenced by the strong Suezmax and Aframax tanker rates we have secured in the fourth quarter of 2019 to-date, which have so far averaged approximately 133 percent and 105 percent higher than rates we earned in the third quarter of 2019, respectively. Is anyone paying attention to the crashing charter rates for Suezmax oil tankers? From Tradewinds: ... 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