Nordic American Tankers Shrinks Quarterly Loss

NAT

NAT wrapped up the fourth quarter of this year with a net loss of USD 10.5 million.

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NAT Lands USD 306 Mn Loan

NAT

The company says the financing will continue to secure a competitive cash break-even rate for NAT.

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KLP Excludes NAT from Its Investments

shipbreaking

Norway's largest pension company KLP excludes NAT from its investments.

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90 Pct of Tonnage Scrapped on South Asian Beaches

Shipbreaking

 A total of 744 large ocean-going commercial vessels were sold to the scrap yards in 2018.

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NAT Rejuvenates Fleet by Selling Two Older Tankers

Tanker

Nordic American Tankers has sold two of its 1999-built tankers, the Nordic Aurora and the Nordic Sprite.

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NAT Sinks Deeper into the Red

tanker

NAT posted a net loss of USD 38 million for Q3, 2018, widening its loss from last year's USD 34.2 million. 

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Ocean Yield Buys Chemical Tanker Pair

Ardmore Seaventure

Ocean Yield is acquiring two 2015-built 37,000 dwt IMO II chemical tankers for USD 51 million.

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NAT's Tanker Rates Witness Strong Upswing

Tanker

Tankers have recently experienced a strong recovery in the spot market, which tripled from just a few months back.

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Ocean Yield's Newbuilding Starts Charter with NAT

Nordic Cygnus Suezmax Tanker

Fresh from delivery from SHI, Nordic Cygnus started the hell and high water charter with Nordic American Tankers.

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New Suezmax Tanker with 10-Year Charter Joins Ocean Yield

Tanker

Ocean Yield has taken delivery of a newbuilding suezmax crude tanker from Samsung Heavy Industries.

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NAT Sells Three More Suezmax Veterans

Nordic American Tankers has sold three more Suezmaxes, bringing the total number of sold vessels to eight. 

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Nordic American Tankers Abandons Bond Offering

Tanker

Suezmax owner Nordic American Tankers (NAT) has decided to abandon its previously planned bond offering.

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NAT Fixes Newbuilding Suezmax with Equinor

Tanker

Nordic American Tankers has secured a 3-year time charter deal, plus options, for one of its new Suezmaxes.

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NAT Disposes of Three More Suezmax Oldies

Nordic American Tankers (NAT) revealed plans to sell three older Suezmax tankers. 

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Nordic American Tankers Completes Sale of Tanker Duo

Tanker

Nordic American Tankers has completed the sale of the two tankers announced earlier this month.

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NAT Reports Net Loss in Q1

Suezmax owner Nordic American Tankers ended Q1 2018 with a widened net loss year over year.

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Nordic American Tankers to Offload Tanker Pair

NAT tanker

Nordic American Tankers has decided to sell two ships, thus reducing its fleet size to 31 tanker vessels.

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NAT Widens Full-Year Loss but Bullish on 2018

Due to volatility in the tanker shipping industry, NAT ended 2017 with a net loss of USD 75.5 million.

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Nordic American Tankers Expands Charter Portfolio

Nordic American Tankers (NAT) has entered into a one-year term charter with Cepsa for the 2004-built Nordic Castor. 

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CEO: 2018 a Turning Point for NAT

CEO of Nordic American Tankers expects 2018 to be a better year for the company than 2017.

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NAT Launches Public Offering as Part of Recapitalization

NAT has announced an underwritten public offering of USD 100 million of its common shares.

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