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August 4, 2014
08:51 EDTNATNordic American Tankers takes delivery of Nordic Skier
Nordic American Tankers announced that it took delivery of its 22nd Suezmax vessel, the Nordic Skier, built in 2005 at a shipyard in South Korea. The company now has a fully financed fleet of 22 Suezmax vessels in operation.
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February 10, 2016
05:39 EDTNATNordic American Tankers says low oil prices 'a boon' for the business
The company commented, "First, we would like to emphasize that we are not in the energy business. The impact of lower oil prices on oil companies and oil service companies has nothing to do with the transportation of oil. A surplus of oil must be transported or stored, which is beneficial to tanker owners. Secondly, there are big differences in the transportation market between dry bulk, container shipping, liquefied natural gas, and the tanker business. It is simply wrong to bundle all of these groups together as one. We have always refrained from commenting on stock prices. In our view investors must ask themselves one key question: Who is benefitting in today's market? In our conversations with market participants, we are left with an impression that this question is not asked often enough. One answer to this question can be found in our results. The oil surplus has led to record tanker demand."
February 8, 2016
05:42 EDTNATNordic American Tankers: Shale oil and oil sand projects to affect oil sector
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05:41 EDTNATNordic American Tankers reports Q4 EPS 34c, consensus 45c
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February 4, 2016
10:52 EDTNATOptions with increasing implied volatility: MPLX BOFI BKS NAT KSS
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