NAT Enjoying Tanker Market Bonanza

Nordic American Tankers (NAT)

Nordic American Tankers (NAT) starts the new quarter with a booking for one of its Suezmax tankers for a Time Charter Equivalent (TCE) worth over USD 100,000 per day.

The shipping company has been enjoying strong rates over the recent period, commenting that it has been a real bonanza in the tanker market.

“Although this type of rates cannot be expected for all our vessels in all areas, it is another confirmation of the strength of the market. Our operating costs are USD 8,000/day for each vessel,” Herbjorn Hansson, Chairman & CEO of NAT, said.

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