Nordic American Tankers Ltd: The Tanker Bonanza continues

I would like to share with you a snapshot of the cash our ships are earning in the current market.

The last 10 spot voyage fixtures of the NAT tankers have an average duration of 60 days with a Time Charter Equivalent (TCE) of about $144,000 per day per vessel.

The highest fixture is $347,000 per day and the lowest is $59,000 per day. These are mainly fixtures related to 4Q 2026. Short term aberrations are expected to continue.

Our cash operating costs are less than $10,000 per day per ship. About 50% of our vessels are currently in the spot market, the balance being employed on solid charters.

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →