Nordic American Tanker (NAT) Reports Q4

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Go back to Nordic American Tanker (NAT) Reports Q4

Nordic American Tankers Ltd (NYSE: NAT) – Report December 31, 2022 (Fourth quarter & full year 2022) - Rates & Dividends are up

February 27, 2023 6:00 AM EST

 

Monday, February 27, 2023 

 

Dear Shareholders and Investors,

 

The 4Q 2022 Net result is more than $50 million better than the same quarter 2021. The direction of NAT is unquestionably upwards.

 

Highlights: 

1) The average Time Charter Equivalent (TCE) for our spot vessels (15) during the fourth quarter of 2022 came in at $57,340 per day per ship. Including vessels on term contracts (4), the total average NAT TCE was $49,035 per day per ship. This was 76% up from the third quarter of 2022. Our operating costs are about $8,000 per day per... More